FY2024 EPS Estimates for Enerflex Cut by Atb Cap Markets

Enerflex Ltd. (NYSE:EFXT - Free Report) - Stock analysts at Atb Cap Markets decreased their FY2024 earnings estimates for shares of Enerflex in a research report issued to clients and investors on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now anticipates that the company will earn $0.06 per share for the year, down from their previous estimate of $0.07. The consensus estimate for Enerflex's current full-year earnings is $0.26 per share. Atb Cap Markets also issued estimates for Enerflex's Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.46 EPS, FY2026 earnings at $0.39 EPS and FY2027 earnings at $0.35 EPS.

Separately, Royal Bank of Canada lifted their price objective on Enerflex from $9.00 to $12.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th.

Enerflex Stock Performance

EFXT traded down $0.01 during trading on Friday, hitting $9.48. The stock had a trading volume of 169,238 shares, compared to its average volume of 202,240. The firm has a market cap of $1.18 billion, a PE ratio of -15.05 and a beta of 2.21. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. Enerflex has a 12 month low of $4.31 and a 12 month high of $9.82. The company has a 50 day simple moving average of $7.80 and a 200-day simple moving average of $6.30.

Hedge Funds Weigh In On Enerflex

Several large investors have recently added to or reduced their stakes in EFXT. B. Riley Wealth Advisors Inc. bought a new position in shares of Enerflex during the 3rd quarter worth approximately $65,000. Acadian Asset Management LLC lifted its holdings in shares of Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company's stock valued at $81,000 after acquiring an additional 15,200 shares during the period. West Tower Group LLC acquired a new stake in shares of Enerflex in the 3rd quarter valued at $119,000. Net Worth Advisory Group bought a new stake in shares of Enerflex in the 3rd quarter worth about $146,000. Finally, Fiera Capital Corp increased its position in shares of Enerflex by 117.0% during the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company's stock worth $134,000 after purchasing an additional 13,390 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

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. The ex-dividend date is Tuesday, November 26th. This is an increase from Enerflex's previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a yield of 1.13%. Enerflex's dividend payout ratio is -17.46%.

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.