Enerflex (NYSE:EFXT) Releases Earnings Results

Enerflex (NYSE:EFXT) issued its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02), Zacks reports. The company had revenue of $614.00 million during the quarter, compared to analysts’ expectations of $554.20 million. Enerflex had a negative return on equity of 2.47% and a negative net margin of 4.61%.

Enerflex Price Performance

Shares of NYSE EFXT traded up $0.27 during trading on Friday, hitting $5.90. The company had a trading volume of 213,459 shares, compared to its average volume of 188,512. Enerflex has a fifty-two week low of $3.94 and a fifty-two week high of $7.75. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.85. The stock has a fifty day simple moving average of $5.28 and a two-hundred day simple moving average of $5.48. The firm has a market capitalization of $731.87 million, a price-to-earnings ratio of -6.63 and a beta of 2.01.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, August 22nd. Enerflex’s payout ratio is -7.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on EFXT. Acumen Capital upgraded Enerflex to a “strong-buy” rating in a research report on Saturday, June 1st. Royal Bank of Canada raised their price target on shares of Enerflex from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday. Finally, National Bank Financial lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Sunday, June 2nd. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $10.25.

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.