FY2027 EPS Estimates for Enerflex Boosted by Raymond James

Enerflex Ltd. (NYSE:EFXT) – Equities research analysts at Raymond James increased their FY2027 earnings per share (EPS) estimates for shares of Enerflex in a research report issued on Thursday, May 8th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $1.26 per share 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.

A number of other analysts also recently issued reports on EFXT. CIBC lowered their price target on shares of Enerflex from $10.00 to $9.25 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada lowered their target price on shares of Enerflex from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th.

Enerflex Price Performance

NYSE:EFXT opened at $6.82 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The company has a 50 day moving average price of $7.03 and a 200-day moving average price of $8.36. Enerflex has a 1-year low of $4.60 and a 1-year high of $10.61. The firm has a market cap of $846.70 million, a price-to-earnings ratio of -10.83 and a beta of 2.02.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%. The company had revenue of $552.00 million during the quarter, compared to the consensus estimate of $583.59 million.

Enerflex Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.026 per share. The ex-dividend date was Monday, March 10th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.52%. Enerflex’s dividend payout ratio (DPR) is 16.95%.

Institutional Investors Weigh In On Enerflex

Institutional investors have recently added to or reduced their stakes in the stock. Canoe Financial LP lifted its holdings in Enerflex by 10.2% during the fourth 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. Mackenzie Financial Corp lifted its stake in Enerflex by 8.6% in the 1st quarter. Mackenzie Financial Corp now owns 4,977,243 shares of the company’s stock valued at $38,459,000 after buying an additional 394,496 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Enerflex by 3,307.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company’s stock worth $48,685,000 after buying an additional 4,752,201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enerflex during the 4th quarter worth approximately $43,935,000. Finally, TD Asset Management Inc raised its holdings in shares of Enerflex by 59.8% during the first quarter. TD Asset Management Inc now owns 1,891,990 shares of the company’s stock valued at $14,618,000 after acquiring an additional 708,153 shares during 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.