Enerflex (NYSE:EFXT) Announces Earnings Results, Beats Estimates By $0.05 EPS

Enerflex (NYSE:EFXT - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05, Zacks reports. The business had revenue of $561.00 million during the quarter, compared to analyst estimates of $604.56 million. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%.

Enerflex Stock Down 5.4 %

Shares of NYSE:EFXT traded down $0.43 during mid-day trading on Monday, reaching $7.54. 732,357 shares of the stock were exchanged, compared to its average volume of 409,886. The stock's 50 day simple moving average is $9.64 and its 200-day simple moving average is $7.99. Enerflex has a one year low of $4.59 and a one year high of $10.61. The company has a market cap of $936.04 million, a P/E ratio of -11.97 and a beta of 2.01. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.026 per share. The ex-dividend date is Monday, March 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.38%. Enerflex's dividend payout ratio is currently 40.00%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price target on shares of Enerflex from $9.00 to $12.00 and gave the company an "outperform" rating in a report on Friday, November 15th.

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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.