Enerflex (TSE:EFX) Price Target Lowered to C$12.00 at ATB Capital

Enerflex (TSE:EFX) had its price objective lowered by ATB Capital from C$12.50 to C$12.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on EFX. Raymond James reduced their price objective on shares of Enerflex from C$11.50 to C$11.00 in a research report on Thursday, May 9th. CIBC lowered their price objective on shares of Enerflex from C$6.55 to C$6.00 in a research note on Monday, May 13th. BMO Capital Markets cut their price objective on shares of Enerflex from C$11.00 to C$10.00 in a report on Wednesday, May 8th. Stifel Nicolaus lowered their price objective on Enerflex from C$13.00 to C$10.00 in a research report on Thursday, May 9th. Finally, National Bankshares lowered Enerflex from an outperform rating to a sector perform rating and decreased their target price for the company from C$10.00 to C$9.00 in a research report on Monday, June 3rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$10.25.

Enerflex Trading Up 1.9 %

TSE:EFX opened at C$7.38 on Friday. The company has a 50-day moving average price of C$7.18 and a 200-day moving average price of C$7.21. Enerflex has a 12 month low of C$5.44 and a 12 month high of C$11.03. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 90.44. The stock has a market cap of C$915.05 million, a price-to-earnings ratio of -5.95 and a beta of 1.80.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.33). The company had revenue of C$860.11 million for the quarter, compared to analysts’ expectations of C$780.57 million. Enerflex had a negative net margin of 4.65% and a negative return on equity of 10.12%. Equities analysts predict that Enerflex will post 0.3211137 EPS for the current year.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, July 11th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.10 annualized dividend and a dividend yield of 1.36%. Enerflex’s dividend payout ratio is currently -8.06%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.