Raymond James reaffirmed their outperform rating on shares of Enerflex (TSE:EFX) in a research report sent to investors on Friday, BayStreet.CA reports. They currently have a C$24.00 price target on the stock.
Several other analysts also recently weighed in on EFX. CIBC dropped their target price on shares of Enerflex from C$23.00 to C$21.50 in a research report on Friday, February 1st. TD Securities boosted their target price on shares of Enerflex from C$22.00 to C$25.00 and gave the stock a buy rating in a research report on Monday, February 25th. Finally, National Bank Financial boosted their target price on shares of Enerflex from C$20.50 to C$22.50 and gave the stock an outperform rating in a research report on Monday, February 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of C$22.80.
TSE:EFX opened at C$17.02 on Friday. The company has a market cap of $1.47 billion and a price-to-earnings ratio of 14.12. Enerflex has a twelve month low of C$13.55 and a twelve month high of C$20.38. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 30.15.
Enerflex (TSE:EFX) last released its earnings results on Thursday, February 21st. The company reported C$0.36 earnings per share for the quarter, topping the consensus estimate of C$0.27 by C$0.09. The company had revenue of C$466.84 million for the quarter, compared to analysts’ expectations of C$435.80 million. On average, equities research analysts expect that Enerflex will post 1.4199999399295 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 4th. Shareholders of record on Thursday, July 4th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.47%. The ex-dividend date is Wednesday, May 15th. Enerflex’s dividend payout ratio is presently 34.85%.
In other Enerflex news, Senior Officer Gregory Dean Stewart sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$19.98, for a total transaction of C$199,833.00. Following the sale, the insider now owns 11,489 shares of the company’s stock, valued at approximately C$229,588.13.
Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power equipment in Canada, the United States, and internationally. The company offers engineered systems, including engineering, design, fabrication, and assembly of standard and custom-designed compression, electric power, and processing solutions.
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