Atb Cap Markets Brokers Cut Earnings Estimates for Enerflex Ltd. (TSE:EFX)

Enerflex Ltd. (TSE:EFX) – Equities researchers at Atb Cap Markets cut their Q2 2024 earnings per share (EPS) estimates for shares of Enerflex in a report issued on Thursday, June 27th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $0.08 per share for the quarter, down from their prior forecast of $0.12. The consensus estimate for Enerflex’s current full-year earnings is $0.32 per share.

Several other brokerages have also recently commented on EFX. National Bankshares cut shares of Enerflex from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$10.00 to C$9.00 in a research report on Monday, June 3rd. Raymond James decreased their target price on Enerflex from C$11.50 to C$11.00 in a research report on Thursday, May 9th. National Bank Financial lowered Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Sunday, June 2nd. Stifel Nicolaus reduced their price objective on Enerflex from C$13.00 to C$10.00 in a research note on Thursday, May 9th. Finally, BMO Capital Markets lowered their target price on shares of Enerflex from C$11.00 to C$10.00 in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Enerflex currently has an average rating of “Moderate Buy” and an average target price of C$10.25.

Enerflex Price Performance

Shares of EFX stock opened at C$7.38 on Monday. The firm has a market cap of C$915.05 million, a P/E ratio of -5.95 and a beta of 1.80. The firm has a fifty day moving average of C$7.17 and a two-hundred day moving average of C$7.21. The company has a debt-to-equity ratio of 90.44, a current ratio of 1.16 and a quick ratio of 1.20. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$11.03.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.33). The company had revenue of C$860.11 million during the quarter, compared to the consensus estimate of C$780.57 million. Enerflex had a negative return on equity of 10.12% and a negative net margin of 4.65%.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, July 11th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, May 22nd. Enerflex’s payout ratio is -8.06%.

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.