Shares of Enerflex Ltd. (TSE:EFX – Get Free Report) reached a new 52-week low during mid-day trading on Friday after BMO Capital Markets lowered their price target on the stock from C$10.00 to C$6.00. BMO Capital Markets currently has a market perform rating on the stock. Enerflex traded as low as C$5.51 and last traded at C$5.52, with a volume of 82853 shares. The stock had previously closed at C$5.68.
Other equities research analysts have also recently issued research reports about the company. CIBC decreased their price objective on Enerflex from C$12.00 to C$11.25 in a report on Friday, August 11th. ATB Capital decreased their price objective on Enerflex from C$14.00 to C$13.75 in a report on Friday, July 7th. Stifel Nicolaus decreased their price objective on Enerflex from C$16.50 to C$12.00 and set a “buy” rating on the stock in a report on Tuesday. National Bankshares raised their price objective on Enerflex from C$11.50 to C$14.00 in a report on Thursday, August 10th. Finally, Royal Bank of Canada cut their target price on Enerflex from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$12.29.
Get Our Latest Analysis on EFX
Enerflex Stock Up 2.5 %
Enerflex (TSE:EFX – Get Free Report) last released its quarterly earnings data on Wednesday, August 9th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.19 by C($0.21). Enerflex had a negative net margin of 3.84% and a negative return on equity of 7.11%. The company had revenue of C$776.67 million during the quarter, compared to analysts’ expectations of C$790.03 million. On average, research analysts predict that Enerflex Ltd. will post 1.0699433 EPS for the current fiscal year.
Enerflex Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Wednesday, August 23rd. Enerflex’s payout ratio is -9.17%.
About Enerflex
Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and Eastern Hemisphere. The company provides natural gas compression infrastructure, power generation, and processing 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, electric power solutions, and water 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.
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