Enerflex (EFX) Set to Announce Earnings on Tuesday

Enerflex (TSE:EFX - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Enerflex to post earnings of C$0.13 per share for the quarter.

Enerflex (TSE:EFX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.21). The business had revenue of C$782.21 million during the quarter, compared to analyst estimates of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%.

Enerflex Stock Down 2.8 %

Shares of TSE:EFX traded down C$0.23 on Tuesday, hitting C$8.05. 176,508 shares of the company's stock were exchanged, compared to its average volume of 316,445. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$11.03. The company has a market capitalization of C$997.88 million, a PE ratio of -8.94 and a beta of 1.82. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25. The firm's 50-day moving average is C$8.01 and its 200 day moving average is C$6.82.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Tuesday, March 12th. This represents a $0.10 annualized dividend and a dividend yield of 1.24%. Enerflex's dividend payout ratio is currently -11.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EFX shares. CIBC raised their price objective on Enerflex from C$8.00 to C$9.00 and gave the company a "neutral" rating in a research note on Monday, April 22nd. ATB Capital upped their target price on shares of Enerflex from C$12.00 to C$13.50 and gave the company an "outperform" rating in a research note on Friday, March 1st. BMO Capital Markets upped their price objective on Enerflex from C$10.00 to C$11.00 in a research note on Tuesday, April 23rd. National Bank Financial upgraded Enerflex from a "sector perform market weight" rating to an "outperform market weight" rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus increased their target price on shares of Enerflex from C$11.00 to C$13.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$11.50.

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.