Zacks Research Downgrades Enerflex (NYSE:EFXT) to Strong Sell

Enerflex (NYSE:EFXT) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also weighed in on EFXT. Raymond James Financial upped their price target on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded shares of Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday. TD Securities reaffirmed a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Royal Bank Of Canada increased their price target on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.17.

Enerflex Trading Up 1.5%

Shares of NYSE:EFXT opened at $20.81 on Monday. The stock has a 50 day moving average of $23.47 and a 200 day moving average of $22.70. The company has a market cap of $2.54 billion, a PE ratio of 48.40 and a beta of 1.86. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Enerflex has a 12-month low of $9.11 and a 12-month 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 the consensus estimate of $0.31 by ($0.06). Enerflex had a return on equity of 11.76% and a net margin of 2.06%.The firm had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $606.78 million. As a group, equities research analysts expect that Enerflex will post 1.34 EPS for the current year.

Hedge Funds Weigh In On Enerflex

Several hedge funds have recently modified their holdings of the stock. Baron Wealth Management LLC increased its holdings in shares of Enerflex by 2.5% in the second quarter. Baron Wealth Management LLC now owns 30,530 shares of the company’s stock worth $748,000 after purchasing an additional 751 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Enerflex by 0.8% in the fourth quarter. Neuberger Berman Group LLC now owns 118,504 shares of the company’s stock worth $1,829,000 after buying an additional 883 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Enerflex by 4.4% during the first quarter. Pictet Asset Management Holding SA now owns 24,089 shares of the company’s stock valued at $502,000 after buying an additional 1,017 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Enerflex by 3.2% during the fourth quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock valued at $521,000 after buying an additional 1,033 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Enerflex by 0.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock valued at $1,696,000 after buying an additional 1,035 shares in the last quarter. 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.