FY2024 EPS Estimates for Enerflex Ltd. Reduced by Analyst (NYSE:EFXT)

Enerflex Ltd. (NYSE:EFXT) – Stock analysts at National Bank Financial cut their FY2024 EPS estimates for Enerflex in a research note issued to investors on Tuesday, May 7th. National Bank Financial analyst D. Payne now forecasts that the company will earn $0.52 per share for the year, down from their previous forecast of $0.94. The consensus estimate for Enerflex’s current full-year earnings is $0.47 per share.

Separately, BMO Capital Markets raised shares of Enerflex from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th.

Enerflex Trading Up 6.5 %

EFXT opened at $5.09 on Friday. The stock has a market capitalization of $631.11 million, a PE ratio of -7.71 and a beta of 2.20. Enerflex has a 12-month low of $3.94 and a 12-month high of $8.36. The firm’s fifty day moving average price is $5.94 and its 200 day moving average price is $5.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.91.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.16). The company had revenue of $574.61 million during the quarter, compared to analyst estimates of $583.70 million. Enerflex had a negative net margin of 3.47% and a positive return on equity of 0.11%.

Institutional Trading of Enerflex

Large investors have recently modified their holdings of the company. NewGen Asset Management Ltd increased its holdings in shares of Enerflex by 19.1% in the 4th quarter. NewGen Asset Management Ltd now owns 2,186,200 shares of the company’s stock worth $10,210,000 after acquiring an additional 350,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Enerflex by 25.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,063,900 shares of the company’s stock worth $6,109,000 after acquiring an additional 213,300 shares during the period. Intact Investment Management Inc. acquired a new stake in shares of Enerflex in the 3rd quarter worth about $1,124,000. Quadrature Capital Ltd increased its holdings in shares of Enerflex by 136.2% in the 3rd quarter. Quadrature Capital Ltd now owns 308,500 shares of the company’s stock worth $1,779,000 after acquiring an additional 177,900 shares during the period. Finally, K.J. Harrison & Partners Inc increased its holdings in shares of Enerflex by 67.5% in the 4th quarter. K.J. Harrison & Partners Inc now owns 207,700 shares of the company’s stock worth $963,000 after acquiring an additional 83,700 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Cuts Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.41%. Enerflex’s dividend payout ratio (DPR) is presently -10.61%.

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.