FY2024 EPS Estimates for Enerflex Cut by Atb Cap Markets

Enerflex Ltd. (TSE:EFX) – Equities research analysts at Atb Cap Markets decreased their FY2024 EPS estimates for shares of Enerflex in a research note issued on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $0.09 per share for the year, down from their previous estimate of $0.10. The consensus estimate for Enerflex’s current full-year earnings is $0.73 per share. Atb Cap Markets also issued estimates for Enerflex’s Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.65 EPS, FY2026 earnings at $0.55 EPS and FY2027 earnings at $0.50 EPS.

EFX has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Acumen Capital increased their price objective on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th. Raymond James increased their price objective on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. ATB Capital increased their price objective on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday. Finally, TD Securities increased their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$12.59.

Enerflex Price Performance

EFX opened at C$13.50 on Friday. Enerflex has a twelve month low of C$5.78 and a twelve month high of C$13.86. The firm’s 50-day simple moving average is C$10.70 and its 200-day simple moving average is C$8.57. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of -11.74 and a beta of 1.71.

Insider Buying and Selling at Enerflex

In other news, Director Joanne Linette Cox purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of C$13.65 per share, for a total transaction of C$34,115.00. Corporate insiders own 0.49% of the company’s stock.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 1.11%. Enerflex’s dividend payout ratio 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.