Q2 2024 EPS Estimates for Enerflex Ltd. (NYSE:EFXT) Lowered by Analyst

Enerflex Ltd. (NYSE:EFXT) – Research analysts at Atb Cap Markets lowered their Q2 2024 EPS estimates for Enerflex in a report released on Thursday, June 27th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $0.06 per share for the quarter, down from their prior forecast of $0.09. The consensus estimate for Enerflex’s current full-year earnings is $0.28 per share.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.25). The company had revenue of $638.00 million for the quarter, compared to the consensus estimate of $574.35 million. Enerflex had a negative net margin of 4.61% and a negative return on equity of 2.47%.

Several other equities analysts also recently issued reports on the stock. National Bank Financial downgraded shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Sunday, June 2nd. Acumen Capital raised Enerflex to a “strong-buy” rating in a research report on Saturday, June 1st.

Enerflex Price Performance

NYSE EFXT opened at $5.31 on Monday. Enerflex has a 52-week low of $3.94 and a 52-week high of $8.36. The firm’s 50 day moving average price is $5.23 and its 200-day moving average price is $5.32. The company has a market cap of $658.65 million, a PE ratio of -5.97 and a beta of 2.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.16.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EFXT. Avidian Wealth Solutions LLC acquired a new stake in Enerflex during the first quarter worth $90,000. Scotia Capital Inc. acquired a new stake in shares of Enerflex during the 4th quarter worth about $81,000. Aigen Investment Management LP raised its holdings in Enerflex by 110.3% in the 4th quarter. Aigen Investment Management LP now owns 46,076 shares of the company’s stock valued at $213,000 after buying an additional 24,163 shares during the period. Alberta Investment Management Corp acquired a new position in Enerflex in the fourth quarter valued at about $228,000. Finally, HITE Hedge Asset Management LLC boosted its stake in Enerflex by 8.2% during the fourth quarter. HITE Hedge Asset Management LLC now owns 103,060 shares of the company’s stock worth $477,000 after buying an additional 7,843 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, May 23rd will be issued a $0.018 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.07 annualized dividend and a dividend yield of 1.36%. Enerflex’s dividend payout ratio is presently -7.87%.

Enerflex Company Profile

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.