Q3 Earnings Forecast for Enerflex Issued By Atb Cap Markets

Enerflex Ltd. (NYSE:EFXT) – Atb Cap Markets increased their Q3 2024 earnings per share estimates for Enerflex in a research note issued on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings of $0.09 per share for the quarter, up from their prior 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 report on Friday, August 9th.

Enerflex Stock Performance

Shares of NYSE EFXT opened at $6.48 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 0.93. Enerflex has a one year low of $3.94 and a one year high of $6.82. The business’s 50-day moving average price is $6.00 and its two-hundred day moving average price is $5.62. The company has a market capitalization of $803.19 million, a P/E ratio of -7.28 and a beta of 2.01.

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

Enerflex Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, August 22nd. Enerflex’s dividend payout ratio is currently -7.87%.

Institutional Investors Weigh In On Enerflex

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Enerflex during the third quarter worth approximately $730,000. Net Worth Advisory Group bought a new position in Enerflex during the third quarter worth $146,000. Clearbridge Investments LLC raised its stake in Enerflex by 16.3% during the 2nd quarter. Clearbridge Investments LLC now owns 567,366 shares of the company’s stock valued at $3,064,000 after purchasing an additional 79,419 shares during the last quarter. Aristides Capital LLC bought a new stake in Enerflex in the 2nd quarter valued at $262,000. Finally, Mackenzie Financial Corp grew its position in Enerflex by 57.9% in the 2nd quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock worth $23,631,000 after purchasing an additional 1,606,236 shares during the last quarter. 46.47% of the stock is currently 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.