Enerflex Ltd. (NYSE:EFXT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Enerflex Ltd. (NYSE:EFXT) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $14.6250.

A number of equities analysts have recently weighed in on EFXT shares. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of Enerflex in a report on Thursday, January 15th. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st.

Enerflex Price Performance

NYSE:EFXT opened at $21.31 on Friday. The business’s 50-day simple moving average is $19.63 and its two-hundred day simple moving average is $15.37. Enerflex has a 52 week low of $6.18 and a 52 week high of $23.82. The stock has a market cap of $2.59 billion, a PE ratio of 41.78 and a beta of 1.84. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.58.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex’s dividend payout ratio (DPR) is presently 23.53%.

Institutional Trading of Enerflex

Several hedge funds have recently bought and sold shares of EFXT. Purpose Unlimited Inc. bought a new position in shares of Enerflex during the 4th quarter valued at about $7,051,000. Mackenzie Financial Corp increased its holdings in shares of Enerflex by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock worth $76,327,000 after purchasing an additional 186,649 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Enerflex by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock worth $521,000 after buying an additional 1,033 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Enerflex by 186.2% in the fourth quarter. Toronto Dominion Bank now owns 309,734 shares of the company’s stock worth $4,775,000 after buying an additional 201,523 shares in the last quarter. Finally, Numerai GP LLC bought a new position in Enerflex during the fourth quarter valued at approximately $252,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

About Enerflex

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.