Enerflex (TSE:EFX) Issues Earnings Results

Enerflex (TSE:EFX) issued its quarterly earnings results on Thursday. The company reported C$0.36 earnings per share (EPS) for the quarter, FiscalAI reports. Enerflex had a return on equity of 7.72% and a net margin of 3.63%.The firm had revenue of C$826.90 million during the quarter.

Enerflex Stock Performance

EFX opened at C$27.87 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47. The firm has a market cap of C$3.40 billion, a PE ratio of 40.99 and a beta of 2.30. The business has a fifty day simple moving average of C$33.37 and a 200-day simple moving average of C$31.30. Enerflex has a fifty-two week low of C$12.12 and a fifty-two week high of C$39.95.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.18 annualized dividend and a dividend yield of 0.6%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio is 16.98%.

Analysts Set New Price Targets

EFX has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. Royal Bank Of Canada boosted their price target on shares of Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. National Bank Financial set a C$42.50 price target on shares of Enerflex and gave the company an “outperform” rating in a report on Thursday, June 18th. Raymond James Financial raised their price objective on shares of Enerflex from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Friday. Finally, ATB Cormark Capital Markets lifted their price objective on shares of Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$35.66.

Enerflex Company Profile

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.