Enerflex (TSE:EFX) Releases Earnings Results

Enerflex (TSE:EFX) posted its quarterly earnings results on Thursday. The company reported C$0.36 EPS for the quarter, FiscalAI reports. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. The business had revenue of C$826.90 million for the quarter.

Enerflex Price Performance

Shares of Enerflex stock opened at C$29.00 on Friday. Enerflex has a 12-month low of C$12.00 and a 12-month high of C$39.95. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47. The stock has a 50 day moving average price of C$33.51 and a two-hundred day moving average price of C$31.32. The stock has a market capitalization of C$3.54 billion, a P/E ratio of 42.65 and a beta of 2.30.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 0.6%. Enerflex’s dividend payout ratio (DPR) is currently 16.98%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EFX. Royal Bank Of Canada increased their price objective on Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. ATB Cormark Capital Markets raised their price target on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. BMO Capital Markets lifted their price target on Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. National Bank Financial set a C$42.50 price objective on shares of Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Finally, Raymond James Financial increased their price target on shares of Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average target price of C$35.28.

About Enerflex

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.