Enerflex (NYSE:EFXT) Issues Earnings Results

Enerflex (NYSE:EFXT) announced its quarterly earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01), Zacks reports. The company had revenue of $777.00 million for the quarter, compared to the consensus estimate of $682.88 million. Enerflex had a return on equity of 12.55% and a net margin of 5.43%.

Enerflex Trading Up 0.3%

Enerflex stock traded up $0.04 during mid-day trading on Friday, hitting $13.41. The company’s stock had a trading volume of 395,265 shares, compared to its average volume of 436,479. Enerflex has a one year low of $6.18 and a one year high of $13.74. The stock has a market cap of $1.64 billion, a PE ratio of 12.19 and a beta of 2.03. The company has a 50 day moving average of $11.27 and a 200-day moving average of $9.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.0425 dividend. The ex-dividend date is Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 1.3%. Enerflex’s dividend payout ratio (DPR) is currently 9.09%.

Hedge Funds Weigh In On Enerflex

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in shares of Enerflex by 984.3% during the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after purchasing an additional 20,689 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Enerflex by 28.6% during the second quarter. BNP Paribas Financial Markets now owns 37,573 shares of the company’s stock valued at $296,000 after purchasing an additional 8,360 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Enerflex by 7.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 75,332 shares of the company’s stock worth $595,000 after buying an additional 5,427 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Enerflex by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock worth $665,000 after purchasing an additional 18,434 shares during the period. Finally, Lazard Asset Management LLC grew its position in Enerflex by 2.5% during the second quarter. Lazard Asset Management LLC now owns 101,048 shares of the company’s stock valued at $797,000 after buying an additional 2,468 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EFXT. Raymond James Financial reiterated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and a consensus target price of $13.13.

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.