Enerflex (TSE:EFX – Get Free Report) issued its earnings results on Thursday. The company reported C$0.64 earnings per share (EPS) for the quarter, FiscalAI reports. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. The firm had revenue of C$886.92 million for the quarter.
Enerflex Price Performance
TSE EFX opened at C$33.90 on Friday. The stock has a market capitalization of C$4.13 billion, a price-to-earnings ratio of 77.05 and a beta of 1.87. Enerflex has a 1-year low of C$17.49 and a 1-year high of C$39.95. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20. The business’s fifty day moving average price is C$32.20 and its 200-day moving average price is C$31.28.
Enerflex Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were issued a dividend of $0.0450 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Enerflex’s previous quarterly dividend of $0.0425. Enerflex’s payout ratio is currently 27.03%.
Analyst Ratings Changes
EFX has been the subject of a number of recent analyst reports. RBC Dominion Securities boosted their price objective on shares of Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Canadian Imperial Bank of Commerce raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Raymond James Financial increased their target price on Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Acumen Capital lifted their target price on Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Finally, ATB Cormark Capital Markets lifted their target price on Enerflex from C$52.00 to C$56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$40.81.
View Our Latest Stock Analysis on Enerflex
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.
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