Atb Cap Markets Reduces Earnings Estimates for Enerflex

Enerflex Ltd. (NYSE:EFXT) – Stock analysts at Atb Cap Markets cut their FY2024 earnings per share estimates for Enerflex in a research report issued to clients and investors on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now anticipates that the company will earn $0.06 per share for the year, down from their previous estimate of $0.07. The consensus estimate for Enerflex’s current full-year earnings is $0.26 per share. Atb Cap Markets also issued estimates for Enerflex’s Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.46 EPS, FY2026 earnings at $0.39 EPS and FY2027 earnings at $0.35 EPS.

Separately, Royal Bank of Canada increased their price target on Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

Enerflex Stock Down 0.1 %

EFXT opened at $9.48 on Friday. Enerflex has a fifty-two week low of $4.31 and a fifty-two week high of $9.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The company’s 50-day moving average is $7.80 and its 200 day moving average is $6.30. The firm has a market capitalization of $1.18 billion, a P/E ratio of -15.05 and a beta of 2.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Enerflex in the 3rd quarter valued at $65,000. Acadian Asset Management LLC grew its holdings in shares of Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after purchasing an additional 15,200 shares during the last quarter. West Tower Group LLC bought a new stake in Enerflex in the 3rd quarter worth $119,000. Net Worth Advisory Group purchased a new position in Enerflex during the 3rd quarter valued at about $146,000. Finally, Fiera Capital Corp boosted its holdings in Enerflex by 117.0% in the second quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after acquiring an additional 13,390 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.0268 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s payout ratio is -17.46%.

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.