Enerflex (TSE:EFX) Issues Quarterly Earnings Results

Enerflex (TSE:EFX) posted its earnings results on Thursday. The company reported C$0.36 earnings per share for the quarter, FiscalAI reports. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. The firm had revenue of C$826.90 million during the quarter.

Enerflex Stock Down 5.6%

TSE EFX traded down C$1.73 during trading on Thursday, reaching C$29.00. 2,105,532 shares of the company’s stock were exchanged, compared to its average volume of 701,678. Enerflex has a 1 year low of C$12.00 and a 1 year high of C$39.95. The stock has a market cap of C$3.54 billion, a P/E ratio of 42.65 and a beta of 2.30. The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50 day moving average price of C$33.61 and a two-hundred day moving average price of C$31.28.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd will be paid a $0.045 dividend. This is a boost from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, August 19th. Enerflex’s payout ratio is 16.98%.

Analyst Ratings Changes

EFX has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price target on Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets raised their price target on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. BMO Capital Markets boosted their price objective on Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. Raymond James Financial increased their price objective on Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, National Bank Financial set a C$42.50 price objective on shares of Enerflex and gave the company an “outperform” rating in a research note on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$35.28.

Insider Buying and Selling

In related news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of C$39.00 per share, for a total transaction of C$49,335.00. Following the purchase, the insider directly owned 5,757 shares of the company’s stock, valued at C$224,523. The trade was a 28.16% increase in their ownership of the stock. In the last quarter, insiders have acquired 1,737 shares of company stock worth $67,558. 0.49% of the stock is owned by company insiders.

Enerflex Company Profile

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.