Enerflex (TSE:EFX) Posts Earnings Results

Enerflex (TSE:EFX) announced its earnings results on Thursday. The company reported C$0.64 earnings per share for the quarter, FiscalAI reports. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. The firm had revenue of C$886.92 million for the quarter.

Enerflex Stock Down 2.5%

EFX stock opened at C$33.05 on Friday. Enerflex has a 52 week low of C$17.53 and a 52 week high of C$39.95. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 51.03. The firm has a 50-day simple moving average of C$32.31 and a 200-day simple moving average of C$31.34. The stock has a market capitalization of C$4.04 billion, a P/E ratio of 75.11 and a beta of 1.87.

Enerflex Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.0350 per share. This is a drop from Enerflex’s previous quarterly dividend of $0.0450. This represents a $0.14 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, November 12th. Enerflex’s dividend payout ratio (DPR) is currently 27.03%.

Analysts Set New Price Targets

A number of research firms recently commented on EFX. Acumen Capital lifted their target price on shares of Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Royal Bank Of Canada cut their price target on shares of Enerflex from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday. ATB Cormark Capital Markets upped their price target on shares of Enerflex from C$52.00 to C$56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Canadian Imperial Bank of Commerce raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Finally, Raymond James Financial boosted their price target on Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat, Enerflex currently has an average rating of “Buy” and a consensus price target of C$41.03.

Enerflex Company Profile

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.