Enerflex Ltd. (TSE:EFX - Free Report) - Investment analysts at Atb Cap Markets decreased their FY2024 earnings estimates for Enerflex in a report issued on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $0.09 per share for the year, down from their prior estimate of $0.10. The consensus estimate for Enerflex's current full-year earnings is $0.73 per share. Atb Cap Markets also issued estimates for Enerflex's Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.65 EPS, FY2026 earnings at $0.55 EPS and FY2027 earnings at $0.50 EPS.
Several other equities analysts have also commented on the stock. Acumen Capital increased their price target on shares of Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Raymond James upped their price objective on shares of Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. ATB Capital boosted their target price on Enerflex from C$15.00 to C$17.00 in a report on Tuesday. BMO Capital Markets raised their price target on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Finally, TD Securities boosted their price objective on Enerflex from C$12.00 to C$15.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.59.
View Our Latest Stock Report on Enerflex
Enerflex Price Performance
Enerflex stock remained flat at C$13.50 during midday trading on Friday. The company's stock had a trading volume of 465,629 shares, compared to its average volume of 309,219. The stock has a market cap of C$1.67 billion, a P/E ratio of -11.74 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The stock's fifty day moving average is C$10.70 and its 200-day moving average is C$8.57. Enerflex has a one year low of C$5.78 and a one year high of C$13.86.
Enerflex Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This is a boost from Enerflex's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.15 annualized dividend and a yield of 1.11%. Enerflex's payout ratio is presently -8.70%.
Insider Transactions at Enerflex
In other news, Director Joanne Linette Cox bought 2,500 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of C$13.65 per share, for a total transaction of C$34,115.00. Company insiders own 0.49% of the company's stock.
About Enerflex
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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.
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