Enerflex Ltd. (NYSE:EFXT – Free Report) – Research analysts at Atb Cap Markets decreased their FY2024 earnings estimates for shares of Enerflex in a research note issued on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings per share of $0.06 for the year, down from their prior forecast 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 boosted their price objective on shares of Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.
Enerflex Price Performance
EFXT stock opened at $9.48 on Friday. The firm’s 50-day moving average price is $7.80 and its two-hundred day moving average price is $6.30. Enerflex has a 12-month low of $4.31 and a 12-month high of $9.82. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -15.05 and a beta of 2.21. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79.
Enerflex Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th will be given a $0.0268 dividend. This is a boost from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.13%. Enerflex’s payout ratio is presently -17.46%.
Hedge Funds Weigh In On Enerflex
Several hedge funds and other institutional investors have recently modified their holdings of EFXT. B. Riley Wealth Advisors Inc. purchased a new position in shares of Enerflex during the third quarter valued at about $65,000. Acadian Asset Management LLC increased its position in shares of Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after buying an additional 15,200 shares during the period. West Tower Group LLC purchased a new position in shares of Enerflex during the third quarter valued at about $119,000. Fiera Capital Corp increased its position in shares of Enerflex by 117.0% during the second quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after buying an additional 13,390 shares during the period. Finally, Net Worth Advisory Group purchased a new position in shares of Enerflex during the third quarter valued at about $146,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.
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.
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