Atb Cap Markets Estimates Enerflex's Q3 Earnings (NYSE:EFXT)

Enerflex Ltd. (NYSE:EFXT - Free Report) - Stock analysts at Atb Cap Markets upped their Q3 2024 earnings per share estimates for Enerflex in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now expects that the company will earn $0.09 per share for the quarter, up from their previous estimate of $0.07. The consensus estimate for Enerflex's current full-year earnings is $0.18 per share.

Separately, Royal Bank of Canada lifted their price target on Enerflex from $8.00 to $9.00 and gave the company an "outperform" rating in a research report on Friday, August 9th.

Enerflex Stock Performance

EFXT stock traded up $0.05 during midday trading on Thursday, reaching $6.44. 61,104 shares of the company's stock traded hands, compared to its average volume of 181,482. The firm has a market capitalization of $798.85 million, a PE ratio of -7.24 and a beta of 2.01. The company has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $5.62. Enerflex has a 52 week low of $3.94 and a 52 week high of $6.82. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 1.27.

Enerflex (NYSE:EFXT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $614.00 million during the quarter, compared to the consensus estimate of $554.20 million. Enerflex had a negative net margin of 4.25% and a negative return on equity of 1.86%.

Institutional Trading of Enerflex

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in shares of Enerflex by 17,674.4% during the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company's stock valued at $81,000 after purchasing an additional 15,200 shares in the last quarter. Avidian Wealth Solutions LLC bought a new position in Enerflex in the 1st quarter worth about $90,000. Fiera Capital Corp increased its stake in Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company's stock worth $134,000 after acquiring an additional 13,390 shares during the last quarter. Net Worth Advisory Group purchased a new stake in shares of Enerflex in the 3rd quarter valued at about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Enerflex by 24.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company's stock valued at $174,000 after acquiring an additional 6,325 shares during the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Thursday, August 22nd were issued a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 22nd. Enerflex's dividend payout ratio (DPR) is presently -7.87%.

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.