FY2021 EPS Estimates for Enerflex Ltd. (TSE:EFX) Cut by Raymond James

Enerflex Ltd. (TSE:EFX) – Research analysts at Raymond James dropped their FY2021 earnings per share (EPS) estimates for shares of Enerflex in a report issued on Monday, June 7th. Raymond James analyst A. Bradford now expects that the company will earn $0.19 per share for the year, down from their previous forecast of $0.25. Raymond James currently has a “Market Perform” rating and a $9.25 target price on the stock.

Several other research analysts have also issued reports on the company. BMO Capital Markets increased their price objective on Enerflex from C$9.00 to C$11.00 in a research note on Friday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and set a C$12.00 price objective on shares of Enerflex in a research note on Thursday, May 6th. CIBC raised their target price on Enerflex from C$8.50 to C$9.50 in a research note on Friday, February 26th. ATB Capital raised their target price on Enerflex from C$11.00 to C$12.00 and gave the company a “na” rating in a research note on Tuesday, May 11th. Finally, National Bank Financial raised their target price on Enerflex from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$10.71.

Enerflex stock opened at C$8.88 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 2.19 and a debt-to-equity ratio of 30.58. The business’s fifty day moving average is C$8.04. Enerflex has a 52-week low of C$4.51 and a 52-week high of C$9.75. The firm has a market capitalization of C$796.35 million and a price-to-earnings ratio of 15.05.

Enerflex (TSE:EFX) last released its quarterly earnings data on Wednesday, May 5th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The business had revenue of C$203.20 million during the quarter, compared to analysts’ expectations of C$221.30 million.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 8th. Investors of record on Thursday, July 8th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.90%. The ex-dividend date is Wednesday, May 19th. Enerflex’s dividend payout ratio is 13.56%.

About Enerflex

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; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.

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