Equities Analysts Set Expectations for Enerflex Ltd.’s FY2024 Earnings (TSE:EFX)

Enerflex Ltd. (TSE:EFX – Get Rating) – Analysts at Stifel Firstegy issued their FY2024 EPS estimates for Enerflex in a report released on Tuesday, January 17th. Stifel Firstegy analyst C. Pereira forecasts that the company will post earnings of $1.76 per share for the year. Stifel Firstegy has a “Buy” rating on the stock. The consensus estimate for Enerflex’s current full-year earnings is $1.35 per share.

Enerflex (TSE:EFX – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. The company had revenue of C$392.81 million during the quarter, compared to analysts’ expectations of C$375.83 million.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada boosted their target price on shares of Enerflex from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Friday, November 11th. CIBC boosted their price target on shares of Enerflex from C$10.00 to C$11.00 in a research report on Tuesday. Raymond James boosted their price target on shares of Enerflex from C$13.00 to C$15.00 and gave the company a “strong-buy” rating in a research report on Friday, November 18th. Stifel Nicolaus raised shares of Enerflex from a “hold” rating to a “buy” rating and boosted their price target for the company from C$9.00 to C$14.50 in a research report on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Enerflex from C$10.00 to C$12.00 in a research report on Tuesday, December 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and a consensus target price of C$12.94.

Enerflex Stock Up 0.1 %

EFX opened at C$9.96 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 29.73. The stock has a market cap of C$1.23 billion and a price-to-earnings ratio of -40.82. Enerflex has a twelve month low of C$4.99 and a twelve month high of C$10.10. The company’s 50-day moving average price is C$8.68 and its two-hundred day moving average price is C$7.13.

Insider Buying and Selling

In other news, Director Kevin Jerome Reinhart bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were acquired at an average price of C$7.78 per share, with a total value of C$77,800.00. Following the acquisition, the director now owns 51,250 shares of the company’s stock, valued at approximately C$398,725.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Thursday, January 12th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, November 28th. Enerflex’s dividend payout ratio (DPR) is presently -40.98%.

Enerflex Company Profile

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Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.