National Bank Financial Forecasts Enerflex FY2025 Earnings

Enerflex Ltd. (NYSE:EFXT) – Equities research analysts at National Bank Financial upped their FY2025 earnings estimates for Enerflex in a report released on Thursday, November 14th. National Bank Financial analyst D. Payne now expects that the company will post earnings per share of $1.22 for the year, up from their previous estimate of $1.15. The consensus estimate for Enerflex’s current full-year earnings is $0.19 per share.

Separately, Royal Bank of Canada upped their price target on shares of Enerflex from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday.

Enerflex Price Performance

EFXT opened at $8.84 on Monday. The company has a 50 day moving average of $6.43 and a two-hundred day moving average of $5.75. Enerflex has a 52-week low of $4.01 and a 52-week high of $8.93. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.10 billion, a P/E ratio of -14.03 and a beta of 1.89.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th will be issued a $0.0268 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio is currently -11.11%.

Institutional Trading of Enerflex

A number of hedge funds have recently made changes to their positions in EFXT. Mackenzie Financial Corp boosted its stake in shares of Enerflex by 57.9% in the second quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock valued at $23,631,000 after purchasing an additional 1,606,236 shares during the period. 1832 Asset Management L.P. boosted its position in Enerflex by 16.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 10,336,900 shares of the company’s stock valued at $55,819,000 after buying an additional 1,435,900 shares during the last quarter. Taconic Capital Advisors LP grew its stake in shares of Enerflex by 35.6% during the third quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock valued at $10,559,000 after acquiring an additional 465,000 shares in the last quarter. PCJ Investment Counsel Ltd. increased its position in shares of Enerflex by 14.1% during the third quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock worth $7,376,000 after acquiring an additional 152,990 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Enerflex by 183.4% in the second quarter. Marshall Wace LLP now owns 218,505 shares of the company’s stock worth $1,180,000 after acquiring an additional 141,393 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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.