Enerflex (NYSE:EFXT) PT Raised to $9.00

Enerflex (NYSE:EFXT) had its price objective increased by equities researchers at Royal Bank of Canada from $8.00 to $9.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 52.54% from the company’s previous close.

Several other analysts have also commented on EFXT. Acumen Capital raised Enerflex to a “strong-buy” rating in a report on Saturday, June 1st. National Bank Financial lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Sunday, June 2nd. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $9.00.

Enerflex Stock Performance

EFXT traded up $0.27 during midday trading on Friday, hitting $5.90. 213,459 shares of the company were exchanged, compared to its average volume of 188,512. The firm has a market capitalization of $731.87 million, a price-to-earnings ratio of -6.63 and a beta of 2.01. Enerflex has a 1-year low of $3.94 and a 1-year high of $7.75. The company’s 50 day simple moving average is $5.28 and its 200 day simple moving average is $5.48. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Enerflex had a negative return on equity of 2.47% and a negative net margin of 4.61%. The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $554.20 million. As a group, sell-side analysts predict that Enerflex will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its stake in shares of Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after buying an additional 15,200 shares in the last quarter. Avidian Wealth Solutions LLC purchased a new position in Enerflex in the 1st quarter worth approximately $90,000. Scotia Capital Inc. acquired a new position in shares of Enerflex during the 4th quarter worth approximately $81,000. Fiera Capital Corp grew its position in shares of Enerflex by 117.0% in the second quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after purchasing an additional 13,390 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Enerflex by 24.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock valued at $174,000 after purchasing an additional 6,325 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.