Raymond James Issues Positive Outlook for Enerflex Earnings

Enerflex Ltd. (NYSE:EFXT) – Equities research analysts at Raymond James raised their FY2027 earnings per share estimates for shares of Enerflex in a research report issued on Thursday, May 8th. Raymond James analyst M. Barth now anticipates that the company will earn $1.26 per share for the year, up from their previous estimate of $1.23. The consensus estimate for Enerflex’s current full-year earnings is $0.25 per share. Raymond James also issued estimates for Enerflex’s FY2028 earnings at $1.57 EPS and FY2029 earnings at $2.20 EPS.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $552.00 million during the quarter, compared to the consensus estimate of $583.59 million. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%.

Other analysts also recently issued reports about the company. CIBC reduced their price objective on Enerflex from $10.00 to $9.25 and set a “neutral” rating for the company in a research note on Friday, May 9th. Royal Bank of Canada reduced their price objective on Enerflex from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th.

Enerflex Stock Up 1.7%

EFXT opened at $7.29 on Monday. The business has a 50 day moving average price of $7.03 and a two-hundred day moving average price of $8.36. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a market cap of $905.05 million, a PE ratio of -11.57 and a beta of 2.02. Enerflex has a 52 week low of $4.60 and a 52 week high of $10.61.

Hedge Funds Weigh In On Enerflex

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of Enerflex during the 4th quarter worth approximately $82,000. Quantbot Technologies LP purchased a new position in shares of Enerflex during the 4th quarter worth approximately $127,000. Bank of New York Mellon Corp purchased a new position in shares of Enerflex during the 1st quarter worth approximately $130,000. Barclays PLC raised its stake in shares of Enerflex by 2,616,800.0% during the 3rd quarter. Barclays PLC now owns 26,169 shares of the company’s stock worth $156,000 after buying an additional 26,168 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Enerflex by 8.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company’s stock worth $173,000 after buying an additional 1,404 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex’s dividend payout ratio (DPR) is 16.95%.

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.