Raymond James Issues Negative Forecast for Enerflex Earnings

Enerflex Ltd. (TSE:EFX) – Raymond James dropped their FY2026 earnings estimates for shares of Enerflex in a report released on Thursday, May 8th. Raymond James analyst M. Barth now expects that the company will post earnings of $0.88 per share for the year, down from their previous estimate of $0.91. The consensus estimate for Enerflex’s current full-year earnings is $0.73 per share. Raymond James also issued estimates for Enerflex’s FY2027 earnings at $1.76 EPS, FY2028 earnings at $2.20 EPS and FY2029 earnings at $3.08 EPS.

Several other research firms also recently commented on EFX. BMO Capital Markets decreased their target price on Enerflex from C$15.00 to C$14.00 in a research report on Thursday, April 17th. ATB Capital lowered their price objective on Enerflex from C$18.00 to C$16.50 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Finally, TD Securities lowered their price objective on Enerflex from C$17.00 to C$15.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th.

Enerflex Stock Performance

Shares of EFX stock opened at C$10.13 on Monday. Enerflex has a 52 week low of C$6.30 and a 52 week high of C$15.22. The company has a 50-day simple moving average of C$9.92 and a 200 day simple moving average of C$11.80. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of -11.00 and a beta of 1.71.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, May 21st. Enerflex’s dividend payout ratio (DPR) is currently -10.86%.

Insider Transactions at Enerflex

In other news, Senior Officer Joseph Paul John Ladouceur acquired 3,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was acquired at an average cost of C$11.41 per share, for a total transaction of C$34,233.00. In the last three months, insiders have purchased 6,200 shares of company stock valued at $69,129. 0.49% of the stock is owned by corporate insiders.

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.