Atb Cap Markets Weighs in on Enerflex Ltd.’s Q2 2024 Earnings (TSE:EFX)

Enerflex Ltd. (TSE:EFX) – Equities researchers at Atb Cap Markets lowered their Q2 2024 EPS estimates for Enerflex in a research note issued on Thursday, June 27th. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.12. The consensus estimate for Enerflex’s current full-year earnings is $0.32 per share.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C($0.20) EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.33). The business had revenue of C$860.11 million for the quarter, compared to analyst estimates of C$780.57 million. Enerflex had a negative return on equity of 10.12% and a negative net margin of 4.65%.

EFX has been the topic of a number of other research reports. Stifel Nicolaus cut their price target on shares of Enerflex from C$13.00 to C$10.00 in a report on Thursday, May 9th. Raymond James cut their price target on shares of Enerflex from C$11.50 to C$11.00 in a research report on Thursday, May 9th. National Bankshares cut shares of Enerflex from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$10.00 to C$9.00 in a research report on Monday, June 3rd. National Bank Financial cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Sunday, June 2nd. Finally, ATB Capital cut their price target on shares of Enerflex from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.25.

Enerflex Price Performance

Shares of TSE:EFX opened at C$7.38 on Monday. The firm has a market cap of C$915.05 million, a PE ratio of -5.95 and a beta of 1.80. The firm’s fifty day moving average is C$7.18 and its 200-day moving average is C$7.21. The company has a debt-to-equity ratio of 90.44, a quick ratio of 1.20 and a current ratio of 1.16. Enerflex has a 52 week low of C$5.44 and a 52 week high of C$11.03.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.36%. Enerflex’s dividend payout ratio (DPR) is presently -8.06%.

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.