Q3 Earnings Estimate for Enerflex Issued By Atb Cap Markets

Enerflex Ltd. (TSE:EFX) – Equities researchers at Atb Cap Markets lifted their Q3 2024 earnings estimates for Enerflex in a research note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now anticipates that the company will earn $0.12 per share for the quarter, up from their previous 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 several other reports. BMO Capital Markets increased their price target on shares of Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. TD Securities increased their price objective on shares of 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 increased their price objective on shares of Enerflex from C$11.75 to C$12.00 in a report on Tuesday, October 15th. Finally, ATB Capital cut their price objective on shares of Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.67.

Enerflex Price Performance

EFX opened at C$8.90 on Thursday. Enerflex has a one year low of C$5.44 and a one year high of C$9.23. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The company’s 50 day simple moving average is C$8.16 and its 200-day simple moving average is C$7.69. The stock has a market capitalization of C$1.10 billion, a P/E ratio of -7.74 and a beta of 1.71.

Enerflex (TSE:EFX) last released its quarterly 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). Enerflex had a negative net margin of 4.30% and a negative return on equity of 9.39%. The company had revenue of C$840.09 million for the quarter, compared to the consensus estimate of C$761.73 million.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were issued a $0.025 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $0.10 annualized dividend and a yield of 1.12%. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

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.