Enerflex (NYSE:EFXT) Announces Earnings Results

Enerflex (NYSE:EFXT) announced its quarterly earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01), Zacks reports. Enerflex had a net margin of 5.43% and a return on equity of 12.55%. The company had revenue of $777.00 million during the quarter, compared to analysts’ expectations of $682.88 million.

Enerflex Stock Up 0.3%

NYSE EFXT traded up $0.04 on Friday, reaching $13.41. The company had a trading volume of 395,265 shares, compared to its average volume of 436,479. The firm has a market capitalization of $1.64 billion, a PE ratio of 12.19 and a beta of 2.03. The firm has a 50-day moving average of $11.27 and a 200-day moving average of $9.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88. Enerflex has a 1 year low of $6.18 and a 1 year high of $13.74.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 17th. This is an increase from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio (DPR) is presently 10.00%.

Analysts Set New Price Targets

EFXT has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Royal Bank Of Canada lifted their price objective on Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, October 8th. Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.13.

Institutional Trading of Enerflex

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after purchasing an additional 752,893 shares during the last quarter. Millennium Management LLC grew its holdings in Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after buying an additional 880,358 shares in the last quarter. Man Group plc increased its position in Enerflex by 433.7% in the 2nd quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after acquiring an additional 869,156 shares during the period. American Century Companies Inc. raised its stake in Enerflex by 141.1% during the 2nd quarter. American Century Companies Inc. now owns 304,467 shares of the company’s stock valued at $2,404,000 after acquiring an additional 178,174 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Enerflex by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 220,664 shares of the company’s stock worth $1,733,000 after acquiring an additional 6,184 shares during the period. 46.47% of the stock is owned by institutional investors.

Enerflex Company Profile

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.