Enerflex Ltd. (NYSE:EFXT) Receives $35.33 Average Target Price from Analysts

Enerflex Ltd. (NYSE:EFXT) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $35.3333.

EFXT has been the topic of several recent research reports. Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. TD Securities restated a “buy” rating on shares of Enerflex in a report on Friday, May 8th. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Royal Bank Of Canada raised their target price on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Raymond James Financial raised their target price on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th.

Enerflex Price Performance

Enerflex stock opened at $24.20 on Wednesday. The business’s 50-day simple moving average is $24.99 and its 200 day simple moving average is $20.28. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 36.11 and a beta of 1.83. Enerflex has a 12-month low of $7.54 and a 12-month high of $29.15. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. The business had revenue of $584.00 million for the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. As a group, research analysts anticipate that Enerflex will post 1.66 earnings per share for the current year.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.0425 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is 19.40%.

Hedge Funds Weigh In On Enerflex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFXT. Smartleaf Asset Management LLC bought a new position in Enerflex during the fourth quarter worth about $31,000. Plato Investment Management Ltd raised its position in shares of Enerflex by 399.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after purchasing an additional 3,730 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Enerflex during the fourth quarter worth about $119,000. D Orazio & Associates Inc. raised its position in shares of Enerflex by 14.8% during the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after purchasing an additional 1,497 shares during the period. Finally, Shelton Capital Management acquired a new stake in shares of Enerflex during the third quarter worth about $136,000. Institutional investors own 46.47% of the company’s stock.

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.