Enerflex (TSE:EFX) Issues Quarterly Earnings Results

Enerflex (TSE:EFX) announced its quarterly earnings results on Wednesday. The company reported C$0.28 EPS for the quarter, FiscalAI reports. The company had revenue of C$821.97 million for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%.

Enerflex Stock Performance

EFX stock opened at C$27.06 on Thursday. The stock has a market capitalization of C$3.30 billion, a PE ratio of 24.60 and a beta of 2.41. Enerflex has a fifty-two week low of C$8.74 and a fifty-two week high of C$27.62. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The company has a 50 day moving average price of C$23.26 and a 200 day moving average price of C$18.89.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EFX shares. National Bank Financial lifted their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Raymond James Financial cut Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research report on Wednesday, February 4th. TD Securities lifted their price objective on Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 target price on shares of Enerflex and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, BMO Capital Markets increased their target price on shares of Enerflex from C$20.00 to C$23.00 in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$21.47.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.