FY2024 EPS Estimates for Enerflex Cut by Atb Cap Markets

Enerflex Ltd. (TSE:EFX) – Stock analysts at Atb Cap Markets lowered their FY2024 earnings per share estimates for shares of Enerflex in a research note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings of $0.09 per share for the year, down from their prior forecast of $0.10. The consensus estimate for Enerflex’s current full-year earnings is $0.73 per share. Atb Cap Markets also issued estimates for Enerflex’s Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.65 EPS, FY2026 earnings at $0.55 EPS and FY2027 earnings at $0.50 EPS.

A number of other research analysts have also recently commented on the company. TD Securities raised their target price on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Acumen Capital boosted their price objective on shares of Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. ATB Capital lifted their target price on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Raymond James upped their price target on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. Finally, BMO Capital Markets boosted their target price on Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$12.59.

Enerflex Stock Performance

TSE:EFX opened at C$13.50 on Friday. Enerflex has a 12 month low of C$5.78 and a 12 month high of C$13.86. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The company has a 50-day moving average price of C$10.70 and a 200-day moving average price of C$8.58. The stock has a market cap of C$1.67 billion, a price-to-earnings ratio of -11.74 and a beta of 1.71.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio is -8.70%.

Insider Activity at Enerflex

In related news, Director Joanne Linette Cox bought 2,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of C$13.65 per share, for a total transaction of C$34,115.00. 0.49% of the stock is owned by company insiders.

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.