Enerflex (NYSE:EFXT) Rating Lowered to “Hold” at TD Securities

Enerflex (NYSE:EFXT) was downgraded by stock analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

A number of other equities analysts have also recently issued reports on EFXT. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research report on Friday, October 16th. Acumen Capital upgraded shares of Enerflex to a “strong-buy” rating in a report on Friday, October 2nd. Wall Street Zen upgraded shares of Enerflex from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Weiss Ratings raised Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Zacks Research upgraded Enerflex from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Enerflex Stock Down 7.7%

Shares of Enerflex stock opened at $18.88 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.23. Enerflex has a 52-week low of $12.57 and a 52-week high of $29.15. The company’s 50 day moving average price is $23.12 and its 200-day moving average price is $22.65. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 32.55 and a beta of 1.79.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $623.00 million during the quarter, compared to analyst estimates of $632.70 million. Enerflex had a net margin of 2.94% and a return on equity of 13.15%. Equities research analysts forecast that Enerflex will post 1.42 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EFXT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enerflex during the 2nd quarter valued at about $330,515,000. Bank of America Corp DE raised its stake in Enerflex by 51.4% in the first quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock worth $27,059,000 after buying an additional 438,920 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Enerflex by 33.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company’s stock worth $25,268,000 after buying an additional 303,398 shares in the last quarter. Cibc World Market Inc. bought a new position in Enerflex in the second quarter worth about $15,851,000. Finally, TD Waterhouse Canada Inc. lifted its holdings 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 period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.