CIBC Increases Enerflex (TSE:EFX) Price Target to C$9.00

Enerflex (TSE:EFX) had its price target increased by CIBC from C$8.00 to C$9.00 in a report released on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of Enerflex from C$11.00 to C$13.00 and gave the stock a buy rating in a report on Thursday, January 18th. Raymond James boosted their price target on Enerflex from C$11.00 to C$11.50 and gave the stock an outperform rating in a research note on Friday, March 1st. National Bank Financial upgraded Enerflex from a sector perform market weight rating to an outperform market weight rating in a research note on Wednesday, January 24th. BMO Capital Markets raised Enerflex from a market perform rating to an outperform rating and upped their target price for the company from C$8.00 to C$10.00 in a research report on Thursday, February 29th. Finally, ATB Capital increased their target price on Enerflex from C$12.00 to C$13.50 and gave the company an outperform rating in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Enerflex presently has a consensus rating of Moderate Buy and a consensus price target of C$11.50.

Enerflex Stock Performance

Shares of TSE:EFX opened at C$7.83 on Monday. The business’s 50-day simple moving average is C$7.91 and its 200 day simple moving average is C$6.76. The company has a market cap of C$970.61 million, a P/E ratio of -8.70 and a beta of 1.82. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25. Enerflex has a one year low of C$5.44 and a one year high of C$11.03.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. The firm had revenue of C$782.21 million for the quarter, compared to analysts’ expectations of C$788.63 million. On average, sell-side analysts forecast that Enerflex will post 0.5956552 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, March 13th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.28%. Enerflex’s dividend payout ratio (DPR) is -11.11%.

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.