Enerflex Ltd. (NYSE:EFXT) Receives Consensus Rating of “Moderate Buy” from Analysts

Enerflex Ltd. (NYSE:EFXT) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.1250.

EFXT has been the subject of several research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Raymond James Financial reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Zacks Research lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th.

Enerflex Stock Performance

EFXT opened at $13.54 on Friday. Enerflex has a 1-year low of $6.18 and a 1-year high of $14.18. The stock has a market cap of $1.65 billion, a P/E ratio of 12.31 and a beta of 2.03. The stock’s 50 day simple moving average is $11.89 and its 200 day simple moving average is $9.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $777.00 million for the quarter, compared to analyst estimates of $682.88 million. Enerflex had a return on equity of 12.35% and a net margin of 5.43%. As a group, equities analysts anticipate that Enerflex will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.0425 per share. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 1.3%. Enerflex’s dividend payout ratio (DPR) is 10.91%.

Institutional Trading of Enerflex

A number of large investors have recently made changes to their positions in the stock. D Orazio & Associates Inc. purchased a new stake in Enerflex during the 2nd quarter worth about $80,000. Vise Technologies Inc. acquired a new stake in shares of Enerflex during the 2nd quarter worth about $85,000. Baron Wealth Management LLC boosted its stake in shares of Enerflex by 31.7% during the 2nd quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock worth $120,000 after purchasing an additional 3,666 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Enerflex during the first quarter worth about $130,000. Finally, Shelton Capital Management acquired a new position in shares of Enerflex in the third quarter valued at approximately $136,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.