Enerflex (TSE:EFX) Announces Earnings Results

Enerflex (TSE:EFX) released its earnings results on Thursday. The company reported C$0.64 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$886.92 million during the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%.

Enerflex Price Performance

Shares of Enerflex stock traded down C$0.08 on Thursday, reaching C$34.90. The stock had a trading volume of 334,275 shares, compared to its average volume of 734,248. Enerflex has a 1 year low of C$17.49 and a 1 year high of C$39.95. The company has a market cap of C$4.25 billion, a P/E ratio of 79.32 and a beta of 1.87. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. The business’s 50 day moving average is C$32.09 and its two-hundred day moving average is C$31.21.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a dividend of $0.0450 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a boost from Enerflex’s previous quarterly dividend of $0.0425. Enerflex’s payout ratio is presently 27.03%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EFX shares. RBC Dominion Securities increased their price target on Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. Raymond James Financial boosted their price objective on Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. ATB Cormark Capital Markets boosted their price objective on Enerflex from C$52.00 to C$56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Canadian Imperial Bank of Commerce raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Finally, National Bank Financial increased their target price on shares of Enerflex from C$42.50 to C$45.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$40.81.

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.