Brokerages Set Enerflex Ltd. (NYSE:EFXT) Target Price at $14.63

Enerflex Ltd. (NYSE:EFXT) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.6250.

A number of brokerages recently weighed in on EFXT. Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Enerflex in a research note on Thursday, January 15th.

Institutional Investors Weigh In On Enerflex

Several institutional investors and hedge funds have recently made changes to their positions in EFXT. Hillsdale Investment Management Inc. lifted its stake in shares of Enerflex by 435.9% in the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after acquiring an additional 3,824,093 shares during the period. Millennium Management LLC increased its position in Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after purchasing an additional 880,358 shares during the period. Man Group plc increased its position in Enerflex by 433.7% during the 2nd quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after purchasing an additional 869,156 shares during the period. Goldman Sachs Group Inc. raised its holdings in Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after purchasing an additional 752,893 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Enerflex by 31.8% in the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after purchasing an additional 518,639 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Performance

NYSE EFXT opened at $20.10 on Friday. The firm’s fifty day moving average price is $20.05 and its two-hundred day moving average price is $15.73. The stock has a market cap of $2.45 billion, a PE ratio of 39.41 and a beta of 1.83. Enerflex has a fifty-two week low of $6.18 and a fifty-two week high of $23.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex’s dividend payout ratio (DPR) is currently 23.53%.

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.