08:04:27 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enerflex Ltd
Symbol EFX
Shares Issued 78,618,026
Close 2015-02-18 C$ 16.88
Market Cap C$ 1,327,072,279
Recent Sedar Documents

Stock Pickers says buy Enerflex

2015-02-18 19:39 ET - In the News

Stock Pickers Digest, in its February, 2015, issue, says buy Enerflex Ltd., recently $15.48. Stock Pickers said buy six times from June, 2011, to June, 2014, at prices ranging from $12.12 to $17.15. Assuming an investment of $1,000 for each of the six buys, the $6,000 position would now be worth $6,904. Enerflex rents and sells equipment and services for natural gas production. On June 30, 2014, the company completed a $431-million (U.S.) acquisition of two businesses owned by privately held Axip Energy Services LP. In the quarter ended Sept. 30, 2014, Enerflex's revenues rose to $479-million from $390.7-million a year earlier. Earnings per share went up to 33 cents in the third quarter of 2014 from 24 cents in the prior-year period. Strong orders in the United States and Canada, as well as international contributions from the Axip businesses, helped boost Enerflex's results. The company booked $342.2-million of orders in the third quarter, bringing its backlog to $866.4-million. The stock trades at 11.9 times the company's estimated 2015 earnings of $1.30 a share. Enerflex has raised its quarterly dividend to 8.5 cents from 7.5 cents; the new annual 34-cent dividend is a 2.2-per-cent yield. Buy.

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