Enerflex (NYSE:EFXT) Price Target Raised to $30.00

Enerflex (NYSE:EFXT) had its price target increased by Canadian Imperial Bank of Commerce from $27.50 to $30.00 in a report released on Friday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

A number of other analysts have also commented on EFXT. Zacks Research lowered shares of Enerflex from a “hold” rating to a “strong sell” rating in a research note 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. Finally, Wall Street Zen lowered Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Enerflex Stock Down 0.0%

EFXT stock opened at $24.58 on Friday. Enerflex has a 12 month low of $10.57 and a 12 month high of $29.15. The firm has a market cap of $3.00 billion, a PE ratio of 57.16 and a beta of 1.80. The firm has a 50 day simple moving average of $21.88 and a 200 day simple moving average of $23.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86.

Enerflex (NYSE:EFXT) last posted its quarterly 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). The business had revenue of $582.00 million during the quarter, compared to analyst estimates of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. Equities research analysts forecast that Enerflex will post 1.34 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a C$0.04 dividend. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 19th. Enerflex’s payout ratio is currently 27.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EFXT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enerflex in the second quarter worth $330,515,000. TD Asset Management Inc increased its holdings in shares of Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock valued at $33,215,000 after acquiring an additional 518,639 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Enerflex by 51.4% in the 1st quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock valued at $27,059,000 after acquiring an additional 438,920 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Enerflex by 33.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company’s stock valued at $25,268,000 after acquiring an additional 303,398 shares in the last quarter. Finally, NewGen Asset Management Ltd lifted its holdings in Enerflex by 10.3% in the 4th quarter. NewGen Asset Management Ltd now owns 786,744 shares of the company’s stock worth $12,133,000 after purchasing an additional 73,400 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

About Enerflex

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.