Enerflex (EFX) to Release Quarterly Earnings on Tuesday

Enerflex (TSE:EFX) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$0.13 per share for the quarter.

Enerflex (TSE:EFX) last issued its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.21). Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. The business had revenue of C$782.21 million for the quarter, compared to analyst estimates of C$788.63 million.

Enerflex Price Performance

Shares of Enerflex stock traded down C$0.25 during trading on Tuesday, hitting C$8.03. 106,941 shares of the company’s stock traded hands, compared to its average volume of 315,501. Enerflex has a twelve month low of C$5.44 and a twelve month high of C$11.03. The company has a market cap of C$995.40 million, a PE ratio of -9.20 and a beta of 1.82. The firm’s fifty day moving average price is C$8.01 and its 200 day moving average price is C$6.82. The company has a debt-to-equity ratio of 94.38, a current ratio of 1.25 and a quick ratio of 1.20.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, March 12th. Enerflex’s dividend payout ratio is currently -11.11%.

Analyst Ratings Changes

EFX has been the subject of a number of research analyst reports. ATB Capital boosted their target price on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. CIBC boosted their target price on shares of Enerflex from C$8.00 to C$9.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. National Bankshares raised shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 target price for the company in a research note on Thursday, January 25th. National Bank Financial raised shares of Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, January 24th. Finally, Raymond James boosted their target price on shares of Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.

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.