FY2024 EPS Estimates for Enerflex Boosted by Raymond James

Enerflex Ltd. (TSE:EFX) – Equities researchers at Raymond James boosted their FY2024 EPS estimates for shares of Enerflex in a research note issued to investors on Tuesday, October 15th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $0.19 per share for the year, up from their prior forecast of $0.14. The consensus estimate for Enerflex’s current full-year earnings is $0.73 per share.

A number of other brokerages have also recently commented on EFX. BMO Capital Markets raised their price objective on Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. ATB Capital reduced their price target on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Finally, TD Securities upped their price objective on shares of Enerflex from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$10.67.

Enerflex Stock Performance

Shares of Enerflex stock opened at C$8.98 on Friday. The business has a 50-day simple moving average of C$8.04 and a 200 day simple moving average of C$7.65. 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 firm has a market capitalization of C$1.11 billion, a price-to-earnings ratio of -7.81 and a beta of 1.71.

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

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.10 annualized dividend and a dividend yield of 1.11%. Enerflex’s dividend payout ratio is currently -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.