Enerflex (EFX) Set to Announce Quarterly Earnings on Tuesday

Enerflex (TSE:EFX) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Enerflex to post earnings of C$0.13 per share for the quarter.

Enerflex (TSE:EFX) last released its quarterly 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 firm had revenue of C$782.21 million for the quarter, compared to analyst estimates of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%.

Enerflex Price Performance

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

Enerflex Dividend Announcement

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

Wall Street Analyst Weigh In

EFX has been the subject of several recent analyst reports. National Bank Financial raised shares of Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, January 24th. Raymond James lifted their price target on shares of Enerflex from C$11.00 to C$11.50 and gave the company an “outperform” rating in a report on Friday, March 1st. ATB Capital lifted their price target on shares of Enerflex from C$12.00 to C$13.50 and gave the company an “outperform” rating in a report on Friday, March 1st. Stifel Nicolaus lifted their price target on shares of Enerflex from C$11.00 to C$13.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, BMO Capital Markets lifted their price target on shares of Enerflex from C$10.00 to C$11.00 in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and an average target price of C$11.50.

About Enerflex

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.