FY2019 EPS Estimates for Enerflex Ltd Increased by Analyst (TSE:EFX)

Enerflex Ltd (TSE:EFX) – Stock analysts at Raymond James lifted their FY2019 earnings estimates for shares of Enerflex in a research note issued to investors on Friday, November 8th. Raymond James analyst A. Bradford now anticipates that the company will post earnings of $1.74 per share for the year, up from their previous estimate of $1.54. Raymond James has a “Outperform” rating and a $21.00 price objective on the stock.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.28 by C$0.17. The business had revenue of C$541.87 million during the quarter, compared to the consensus estimate of C$538.60 million.

Several other equities research analysts also recently weighed in on EFX. TD Securities raised Enerflex from a “hold” rating to a “buy” rating and cut their price objective for the company from C$19.00 to C$18.00 in a report on Wednesday, September 4th. Royal Bank of Canada cut their price objective on Enerflex from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. CIBC cut their price objective on Enerflex from C$20.00 to C$18.00 in a report on Tuesday, October 15th. BMO Capital Markets cut their price objective on Enerflex from C$23.00 to C$18.00 in a report on Tuesday, September 10th. Finally, National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating and set a C$18.00 price objective on the stock in a report on Friday.

Shares of EFX opened at C$11.91 on Monday. Enerflex has a 52-week low of C$10.05 and a 52-week high of C$20.38. The business’s fifty day moving average is C$11.12 and its 200-day moving average is C$14.71. The company has a debt-to-equity ratio of 31.68, a quick ratio of 1.17 and a current ratio of 1.63. The firm has a market cap of $976.60 million and a price-to-earnings ratio of 8.33.

In other Enerflex news, Director Michael Weill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of C$13.65 per share, with a total value of C$27,300.00. Following the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at C$54,600. Also, Senior Officer Marc Edward Rossiter acquired 20,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of C$12.46 per share, for a total transaction of C$249,240.00. Following the completion of the purchase, the insider now directly owns 50,000 shares in the company, valued at C$623,100. Insiders have acquired a total of 22,340 shares of company stock worth $280,664 over the last ninety days.

Enerflex Company Profile

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Receive News & Ratings for Enerflex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerflex and related companies with MarketBeat.com's FREE daily email newsletter.