Enerflex (NYSE:EFXT) Stock Rating Raised to Strong-Buy at Acumen Capital

Acumen Capital upgraded shares of Enerflex (NYSE:EFXT) to a strong-buy rating in a research report released on Friday morning,Zacks reports.

A number of other equities research analysts also recently commented on EFXT. Zacks Research downgraded Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Weiss Ratings downgraded Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Canadian Imperial Bank of Commerce increased their target price on Enerflex from $27.50 to $30.00 and gave the company a “neutral” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Enerflex Price Performance

EFXT stock opened at $24.58 on Friday. 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 company’s fifty day moving average price is $21.88 and its 200-day moving average price is $23.33. Enerflex has a one year low of $10.57 and a one year high of $29.15. The company has a market capitalization of $3.00 billion, a PE ratio of 57.16 and a beta of 1.80.

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

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a C$0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is presently 27.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFXT. Wellington Altus USA Inc. bought a new position in shares of Enerflex during the 2nd quarter valued at approximately $185,000. Integrated Wealth Concepts LLC bought a new stake in Enerflex in the second quarter worth $79,000. TD Waterhouse Canada Inc. lifted its position in Enerflex by 74.7% in the second quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock worth $13,170,000 after buying an additional 238,574 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Enerflex during the second quarter worth $8,500,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Enerflex during the second quarter worth $4,219,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.