Equities Analysts Set Expectations for Enerflex Q3 Earnings

Enerflex Ltd. (TSE:EFX) – Investment analysts at Atb Cap Markets boosted their Q3 2024 earnings per share (EPS) estimates for shares of Enerflex in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.10. The consensus estimate for Enerflex’s current full-year earnings is $0.73 per share.

EFX has been the topic of a number of other research reports. TD Securities boosted their price target on Enerflex from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Raymond James upped their target price on Enerflex from C$11.75 to C$12.00 in a report on Tuesday, October 15th. ATB Capital dropped their price target on Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. Finally, BMO Capital Markets boosted their price objective on shares of Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$10.67.

Enerflex Price Performance

Shares of Enerflex stock opened at C$8.82 on Thursday. The firm has a market cap of C$1.09 billion, a PE ratio of -7.67 and a beta of 1.71. The company’s fifty day simple moving average is C$8.15 and its two-hundred day simple moving average is C$7.68. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. Enerflex has a 12-month low of C$5.44 and a 12-month high of C$9.23.

Enerflex (TSE:EFX) last issued its earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.03). The firm had revenue of C$840.09 million during the quarter, compared to analysts’ expectations of C$761.73 million. Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, August 22nd. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

Enerflex Company Profile

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.