Enerflex (NYSE:EFXT) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Enerflex (NYSE:EFXT) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce set a $27.50 price target on Enerflex in a report on Monday. Weiss Ratings downgraded Enerflex from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Finally, Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.17.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $20.81 on Monday. The business has a 50-day simple moving average of $23.47 and a two-hundred day simple moving average of $22.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 48.40 and a beta of 1.86. Enerflex has a fifty-two week low of $9.11 and a fifty-two week high of $29.15.

Enerflex (NYSE:EFXT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). Enerflex had a net margin of 2.06% and a return on equity of 11.76%. The company had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. On average, analysts expect that Enerflex will post 1.34 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.0425 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.17 annualized dividend and a yield of 0.8%. Enerflex’s dividend payout ratio (DPR) is presently 30.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in Enerflex by 240.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 466,627 shares of the company’s stock valued at $9,763,000 after purchasing an additional 329,469 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Enerflex by 21.0% during the first quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock valued at $8,506,000 after purchasing an additional 70,818 shares during the period. Versor Investments LP purchased a new stake in Enerflex in the fourth quarter worth about $429,000. Caldwell Investment Management Ltd. purchased a new stake in Enerflex in the fourth quarter worth about $6,438,000. Finally, Triasima Portfolio Management inc. bought a new position in shares of Enerflex in the fourth quarter worth about $2,134,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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.