Enerflex (EFX) Scheduled to Post Quarterly Earnings on Tuesday

Enerflex (TSE:EFX) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$0.13 per share for the quarter.

Enerflex (TSE:EFX) last released its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). The company had revenue of C$782.21 million for the quarter, compared to the consensus estimate of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%.

Enerflex Stock Performance

TSE:EFX opened at C$8.01 on Friday. The stock has a fifty day moving average price of C$8.09 and a 200-day moving average price of C$6.88. The company has a market cap of C$992.92 million, a price-to-earnings ratio of -8.90 and a beta of 1.82. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25. Enerflex has a fifty-two week low of C$5.44 and a fifty-two week high of C$11.03.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, March 13th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.25%. Enerflex’s payout ratio is -11.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EFX. National Bank Financial upgraded Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, January 24th. Stifel Nicolaus upped their target price on Enerflex from C$11.00 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. CIBC boosted their price target on Enerflex from C$8.00 to C$9.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. National Bankshares raised Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 price target for the company in a report on Thursday, January 25th. Finally, ATB Capital boosted their price target on Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.

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.