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    EFX   CA29269R1055

ENERFLEX LTD.

(EFX)
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Toronto Stocks Continue Decline; Enerflex Falls on $1.5 Billion Merger with Exterran

01/24/2022 | 12:18pm EDT

By Adriano Marchese


Canadian stocks continued their retreat Monday midday with the S&P/TSX Composite Index down 578.06 points in the session, in step with most global markets. All sectors were in the red, with technology services, process industries and producer manufacturing leading the decline. Enerflex Ltd. shares fell sharply after saying it would acquire Houston-based Exterran Corp in a US$1.5 billion combination.

Canada's S&P/TSX Composite Index fell 2.84% to 20035.26. The blue-chip S&P/TSX 60 declined 2.80% to 1218.74.

Enerflex shares fell 18% to C$6.49 after it said it would buy Exterran at a ratio of 1.021 Enerflex shares for each Exterran share, worth around US$6.38 based on Friday's closing price of C$7.90 (US$6.25) for each share.


Other market movers:


Shares in Fortuna Silver Mines Inc. fell 7.8% to C$4.28 after it said the company's operations in Burkina Faso continue as normal amid reports the country's president is being detained by the military.

Trevali Mining Corp. shares fell 13% to C$1.62 after it said it expects lower payable zinc production in 2022 after missing its guidance range in 2021.

Intermap Technologies Corp. stock was up 4.5% to C$0.66 a share after it said it received a contract with a European airline to provide elevation data for route planning operations.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-24-22 1218ET

Stocks mentioned in the article
ChangeLast1st jan.
ENERFLEX LTD. 2.79% 8.1 Delayed Quote.2.87%
EXTERRAN CORPORATION 1.16% 6.1 Delayed Quote.102.35%
FORTUNA SILVER MINES INC. 3.79% 4.11 Delayed Quote.-19.84%
GOLD -0.72% 1813.43 Delayed Quote.-0.89%
INTERMAP TECHNOLOGIES CORPORATION 4.21% 0.495 Delayed Quote.-35.81%
PLATINUM 0.74% 952.5 Delayed Quote.-2.43%
S&P GSCI GOLD INDEX -0.35% 1059.09 Real-time Quote.-0.75%
SILVER 0.10% 21.604 Delayed Quote.-8.91%
SILVER MINES LIMITED 5.41% 0.195 Delayed Quote.-15.91%
TREVALI MINING CORPORATION 3.17% 0.65 Delayed Quote.-59.88%
All news about ENERFLEX LTD.
05/05TRANSCRIPT : Enerflex Ltd., Q1 2022 Earnings Call, May 05, 2022
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05/04Enerflex Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
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05/04ENERFLEX : First Quarter 2022 Presentation
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05/04Enerflex Ltd. Announces Management Changes
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05/04Earnings Flash (EFX.TO) ENERFLEX Posts Q1 EPS Basic $0.00
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05/04Earnings Flash (EFX.TO) ENERFLEX Posts Q1 Revenue $323.1 Million
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05/04Enerflex Announces First Quarter 2022 Financial Results and Quarterly Dividend
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05/04Enerflex Announces First Quarter 2022 Financial Results and Quarterly Dividend
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05/04Enerflex Ltd. Declares Quarterly Dividend, Payable on July 7, 2022
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05/03Enerflex Announces Election of Board of Directors
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More news
Analyst Recommendations on ENERFLEX LTD.
More recommendations
Financials
Sales 2022 1 794 M 1 397 M 1 397 M
Net income 2022 37,9 M 29,5 M 29,5 M
Net Debt 2022 1 378 M 1 073 M 1 073 M
P/E ratio 2022 22,3x
Yield 2022 1,23%
Capitalization 707 M 550 M 550 M
EV / Sales 2022 1,16x
EV / Sales 2023 0,77x
Nbr of Employees 2 000
Free-Float 99,6%
Chart ENERFLEX LTD.
Duration : Period :
Enerflex Ltd. Technical Analysis Chart | EFX | CA29269R1055 | MarketScreener
Technical analysis trends ENERFLEX LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 8,10 CAD
Average target price 12,13 CAD
Spread / Average Target 49,7%
EPS Revisions
Managers and Directors
Marc E. Rossiter President, Chief Executive Officer & Director
Sanjay Bishnoi Chief Financial Officer & Senior Vice President
Kevin J. Reinhart Chairman
Robert Stephen Boswell Independent Director
Herbert Stanley Marshall Independent Director
Sector and Competitors
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CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED-15.02%3 671