Enerflex Ltd. (TSE:EFX – Get Rating) – National Bank Financial issued their FY2022 EPS estimates for shares of Enerflex in a note issued to investors on Monday, January 30th. National Bank Financial analyst D. Payne expects that the company will post earnings of ($0.18) per share for the year. National Bank Financial has a "Sector Perform Overweight" rating on the stock. The consensus estimate for Enerflex's current full-year earnings is $1.35 per share. National Bank Financial also issued estimates for Enerflex's FY2023 earnings at $0.98 EPS.
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Enerflex (TSE:EFX – Get Rating) last issued its earnings results on Wednesday, November 9th. The company reported C$0.05 earnings per share for the quarter, hitting analysts' consensus estimates of C$0.05. The business had revenue of C$392.81 million during the quarter, compared to analysts' expectations of C$375.83 million.
EFX has been the subject of a number of other research reports. CIBC boosted their target price on Enerflex from C$10.00 to C$11.00 in a research report on Tuesday, January 17th. Stifel Nicolaus raised shares of Enerflex from a "hold" rating to a "buy" rating and upped their price target for the company from C$9.00 to C$14.50 in a research report on Wednesday, January 18th. Royal Bank of Canada upped their price target on shares of Enerflex from C$11.00 to C$12.00 and gave the company a "sector perform" rating in a research report on Friday, November 11th. Raymond James upped 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. Finally, Stifel Firstegy raised shares of Enerflex from a "hold" rating to a "buy" rating in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Enerflex currently has an average rating of "Moderate Buy" and an average target price of C$12.94.
Enerflex Price Performance
Shares of TSE:EFX opened at C$9.01 on Thursday. Enerflex has a fifty-two week low of C$4.99 and a fifty-two week high of C$10.19. The business has a 50-day simple moving average of C$8.94 and a two-hundred day simple moving average of C$7.39. The company has a debt-to-equity ratio of 29.73, a quick ratio of 1.20 and a current ratio of 1.74. The firm has a market cap of C$1.11 billion and a price-to-earnings ratio of -36.93.
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 $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Monday, November 28th. Enerflex's dividend payout ratio is -40.98%.
Insider Buying and Selling
In other news, Director Kevin Jerome Reinhart bought 10,000 shares of Enerflex stock in a transaction that occurred on Friday, November 11th. The stock was bought at an average cost 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.
About Enerflex
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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.
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