Enerflex (NYSE:EFXT) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Enerflex (NYSE:EFXT) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other research analysts also recently weighed in on EFXT. Weiss Ratings downgraded Enerflex from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. TD Securities reissued a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Raymond James Financial boosted their target price on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $30.00 price target on shares of Enerflex in a research report on Friday, July 10th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Enerflex Trading Down 3.3%

Enerflex stock opened at $20.00 on Friday. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 46.50 and a beta of 1.86. The firm has a 50-day moving average of $23.68 and a 200-day moving average of $22.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. Enerflex has a one year low of $8.81 and a one year high of $29.15.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). Enerflex had a net margin of 2.06% and a return on equity of 11.86%. The company had revenue of $582.00 million during the quarter, compared to analyst estimates of $606.78 million. On average, equities analysts expect that Enerflex will post 1.59 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.0425 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.17 annualized dividend and a yield of 0.9%. Enerflex’s dividend payout ratio is currently 19.40%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EFXT. Millennium Management LLC raised its stake in Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after acquiring an additional 880,358 shares during the period. NewEdge Advisors LLC boosted its position in Enerflex by 984.3% during the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock worth $176,000 after purchasing an additional 20,689 shares during the period. Goldman Sachs Group Inc. boosted its position in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after purchasing an additional 752,893 shares during the period. Geode Capital Management LLC increased its holdings in shares of Enerflex by 28.1% in the second quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock valued at $665,000 after purchasing an additional 18,434 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Enerflex by 8.3% in the second quarter. Legal & General Group Plc now owns 155,243 shares of the company’s stock valued at $1,223,000 after purchasing an additional 11,920 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors.

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.