Enerflex (TSE:EFX) Shares Up 14.1% – Here’s What Happened
by Scott Moore · The Cerbat GemEnerflex Ltd. (TSE:EFX – Get Free Report)’s share price rose 14.1% during trading on Thursday. The company traded as high as C$38.27 and last traded at C$36.94. Approximately 1,050,729 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 730,987 shares. The stock had previously closed at C$32.38.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. National Bank Financial set a C$42.50 price target on shares of Enerflex and gave the stock an “outperform” rating in a research report on Thursday, June 18th. ATB Cormark Capital Markets raised their price objective on shares of Enerflex from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Finally, Raymond James Financial boosted their target price on shares of Enerflex from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$35.66.
Read Our Latest Research Report on Enerflex
Enerflex Stock Performance
The stock has a market capitalization of C$4.37 billion, a price-to-earnings ratio of 81.32 and a beta of 2.04. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20. The stock has a 50-day moving average of C$30.46 and a 200 day moving average of C$32.40.
Enerflex (TSE:EFX – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share (EPS) for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. The company had revenue of C$826.90 million for the quarter. On average, analysts expect that Enerflex Ltd. will post 0.734413 EPS for the current year.
Enerflex Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.0450 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, August 19th. This is a positive change from Enerflex’s previous quarterly dividend of $0.0425. Enerflex’s dividend payout ratio is presently 27.03%.
About Enerflex
Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.