Enerflex (EFX) to Release Quarterly Earnings on Tuesday

Enerflex (TSE:EFX) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$0.13 per share for the quarter.

Enerflex (TSE:EFX) last released its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.21). The firm had revenue of C$782.21 million for the quarter, compared to the consensus estimate of C$788.63 million. Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%.

Enerflex Trading Down 3.0 %

Shares of EFX stock traded down C$0.25 during trading hours on Tuesday, hitting C$8.03. 106,941 shares of the company were exchanged, compared to its average volume of 315,501. The firm has a market cap of C$995.40 million, a P/E ratio of -9.20 and a beta of 1.82. Enerflex has a fifty-two week low of C$5.44 and a fifty-two week high of C$11.03. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25. The company has a 50 day simple moving average of C$8.01 and a two-hundred day simple moving average of C$6.82.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, March 12th. Enerflex’s dividend payout ratio (DPR) is -11.11%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Raymond James raised their price objective on shares of Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. ATB Capital lifted their price objective on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. CIBC lifted their target price on Enerflex from C$8.00 to C$9.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. BMO Capital Markets lifted their target price on Enerflex from C$10.00 to C$11.00 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus boosted their price objective on Enerflex from C$11.00 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$11.50.

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.