04:52:14 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enerflex Ltd
Symbol EFX
Shares Issued 79,156,492
Close 2016-01-12 C$ 12.27
Market Cap C$ 971,250,157
Recent Sedar Documents

Stock Pickers refreshes Enerflex buy

2016-01-12 21:18 ET - In the News

Stock Pickers Digest, in its January, 2016, issue, refreshes its buy of Enerflex Ltd., recently $13.10. Stock Pickers said buy eight times from June, 2011, to September, 2015, at prices ranging from $11.23 to $17.15. Assuming an investment of $1,000 for each of the eight buys, the $8,000 position would now be worth $7,257. Enerflex sells equipment and services for natural gas production, such as refrigeration units and processing plants. In the three months ended Sept. 30, 2015, the company's revenues declined to $425.2-million from $451.1-million a year earlier. Earnings per share were unchanged at 40 cents. Contributions from Enerflex's Latin America businesses boosted sales, but weaker revenues in North America offset these gains. Falling oil and gas prices are now hurting Enerflex's backlog. The company booked $237.3-million of new orders in the third quarter of 2015, down from $342.2-million a year earlier. Its backlog now stands at $477.6-million, down from $866.4-million a year ago. To cut costs, Enerflex has laid off 600 of its 3,400 employees since the start of 2016. The company is likely to earn 86 cents a share in 2016, giving a P/E ratio of 15.2 Keep buying Enerflex.

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