Enerflex Ltd. (EFXT) – What Are Brokerages Saying About This Stock?

Shares of Enerflex Ltd. (NYSE:EFXT) have been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $38.67.

Several equities analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research note on Friday. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce set a $35.00 target price on Enerflex and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. Weiss Ratings raised Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

Institutional Investors Weigh In On Enerflex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enerflex in the second quarter valued at $330,515,000. Bank of America Corp DE boosted its stake in shares of Enerflex by 51.4% during 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 during the period. Dimensional Fund Advisors LP boosted its stake in shares of Enerflex by 33.5% during 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 during the period. NewGen Asset Management Ltd boosted its stake in shares of Enerflex by 10.3% during the fourth quarter. NewGen Asset Management Ltd now owns 786,744 shares of the company’s stock worth $12,133,000 after buying an additional 73,400 shares during the period. Finally, Cibc World Market Inc. purchased a new position in shares of Enerflex during the second quarter worth about $15,851,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 1.3%

EFXT stock opened at $24.57 on Tuesday. 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 twelve month low of $10.79 and a twelve month high of $29.15. The company’s 50 day moving average is $22.59 and its two-hundred day moving average is $23.62. The stock has a market cap of $3.00 billion, a P/E ratio of 57.14 and a beta of 1.80.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). The company had revenue of $582.00 million for 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%. Research analysts expect that Enerflex will post 1.32 earnings per share for the current fiscal year.

Enerflex Announces Dividend

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

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.