FY2027 EPS Estimates for Enerflex Increased by Raymond James

Enerflex Ltd. (NYSE:EFXT - Free Report) - Investment analysts at Raymond James lifted their FY2027 earnings estimates for Enerflex in a report released on Thursday, May 8th. Raymond James analyst M. Barth now expects that the company will post earnings per share of $1.26 for the year, up from their previous forecast of $1.23. The consensus estimate for Enerflex's current full-year earnings is $0.25 per share. Raymond James also issued estimates for Enerflex's FY2028 earnings at $1.57 EPS and FY2029 earnings at $2.20 EPS.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $552.00 million for the quarter, compared to analyst estimates of $583.59 million. Enerflex had a negative net margin of 3.15% and a negative return on equity of 1.25%.

Other equities analysts have also issued research reports about the stock. CIBC dropped their target price on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Royal Bank of Canada dropped their target price on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th.

Enerflex Stock Down 0.6%

EFXT traded down $0.04 during midday trading on Monday, hitting $7.10. 358,578 shares of the company's stock traded hands, compared to its average volume of 292,639. The company has a market cap of $881.22 million, a PE ratio of -11.27 and a beta of 2.02. The stock's fifty day simple moving average is $7.03 and its 200-day simple moving average is $8.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. Enerflex has a one year low of $4.60 and a one year high of $10.61.

Enerflex Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 22nd will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 1.51%. Enerflex's dividend payout ratio is presently 16.95%.

Institutional Investors Weigh In On Enerflex

Several institutional investors and hedge funds have recently made changes to their positions in EFXT. Hillsdale Investment Management Inc. boosted its stake in shares of Enerflex by 3,307.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company's stock valued at $48,685,000 after purchasing an additional 4,752,201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enerflex in the 4th quarter valued at $43,935,000. Millennium Management LLC boosted its stake in shares of Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company's stock valued at $8,747,000 after purchasing an additional 880,358 shares in the last quarter. Canoe Financial LP boosted its stake in shares of Enerflex by 10.2% in the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock valued at $82,342,000 after purchasing an additional 768,210 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company's stock valued at $17,031,000 after purchasing an additional 752,893 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

Enerflex Company Profile

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.