Enerflex (TSE:EFX) Issues Quarterly Earnings Results

Enerflex (TSE:EFX) posted its quarterly earnings data on Wednesday. The company reported C$0.28 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$821.97 million during the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%.

Enerflex Stock Performance

EFX opened at C$31.84 on Friday. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$32.13. The firm has a market cap of C$3.88 billion, a P/E ratio of 28.95 and a beta of 2.41. The business’s fifty day moving average is C$23.48 and its 200-day moving average is C$18.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EFX shares. Royal Bank Of Canada raised their target price on shares of Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. TD Securities increased their price target on Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Raymond James Financial cut Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price objective on the stock. in a report on Wednesday, February 4th. ATB Cormark Capital Markets set a C$26.00 target price on Enerflex and gave the stock an “outperform” rating in a research note on Friday, December 19th. Finally, National Bank Financial lifted their price objective on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$22.97.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.