Enerflex Ltd. (NYSE:EFXT) Receives Average Rating of “Moderate Buy” from Analysts

Enerflex Ltd. (NYSE:EFXT) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $36.00.

A number of equities research analysts recently issued reports on EFXT shares. Royal Bank Of Canada lifted their target price on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Raymond James Financial raised their price target on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $30.00 price objective on shares of Enerflex in a report on Friday. TD Securities reissued a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th.

Hedge Funds Weigh In On Enerflex

Several hedge funds have recently modified their holdings of EFXT. Financial Management Professionals Inc. bought a new stake in shares of Enerflex during the 2nd quarter worth approximately $30,000. Smartleaf Asset Management LLC bought a new position in shares of Enerflex in the fourth quarter valued at $31,000. Plato Investment Management Ltd increased its holdings in Enerflex by 399.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after buying an additional 3,730 shares during the last quarter. SG Americas Securities LLC acquired a new position in Enerflex during the fourth quarter worth $119,000. Finally, Shelton Capital Management bought a new stake in Enerflex during the third quarter worth $136,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 1.0%

EFXT traded down $0.23 during trading on Friday, hitting $23.86. The company had a trading volume of 361,600 shares, compared to its average volume of 379,283. The company has a market capitalization of $2.91 billion, a PE ratio of 35.60 and a beta of 1.83. Enerflex has a one year low of $7.59 and a one year high of $29.15. The firm’s 50-day moving average price is $25.46 and its 200 day moving average price is $21.60. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. As a group, equities analysts expect that Enerflex will post 1.63 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 annualized dividend and a yield of 0.7%. Enerflex’s payout ratio is 19.40%.

Enerflex Company Profile

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.