Atb Cap Markets Has Positive Outlook of Enerflex Q3 Earnings

Enerflex Ltd. (TSE:EFX - Free Report) - Analysts at Atb Cap Markets increased their Q3 2024 earnings estimates for shares of Enerflex in a note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings of $0.12 per share for the quarter, up from their previous forecast of $0.10. The consensus estimate for Enerflex's current full-year earnings is $0.73 per share.

Several other research analysts have also issued reports on the stock. TD Securities raised their target price on shares of Enerflex from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. ATB Capital reduced their price objective on shares of Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. Raymond James upped their target price on shares of Enerflex from C$11.75 to C$12.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets increased their price target on Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Enerflex currently has an average rating of "Moderate Buy" and an average price target of C$10.67.

Enerflex Trading Up 0.9 %

EFX stock traded up C$0.08 during midday trading on Thursday, reaching C$8.90. The stock had a trading volume of 202,446 shares, compared to its average volume of 285,588. The firm has a market cap of C$1.10 billion, a price-to-earnings ratio of -7.74 and a beta of 1.71. Enerflex has a twelve month low of C$5.44 and a twelve month high of C$9.23. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The business has a fifty day simple moving average of C$8.16 and a two-hundred day simple moving average of C$7.69.

Enerflex (TSE:EFX - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts' consensus estimates of C$0.08 by C($0.03). Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. The firm had revenue of C$840.09 million for the quarter, compared to the consensus estimate of C$761.73 million.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 22nd. Enerflex's dividend payout ratio is currently -8.70%.

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.