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

Enerflex Ltd. (NYSE:EFXT) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.1250.

A number of research analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their target price on shares of Enerflex from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Finally, Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th.

Enerflex Price Performance

Shares of NYSE EFXT opened at $12.98 on Tuesday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 12.48 and a beta of 2.02. The business has a 50-day moving average of $11.03 and a 200-day moving average of $8.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88. Enerflex has a fifty-two week low of $6.18 and a fifty-two week high of $13.01.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.42. The company had revenue of $615.00 million during the quarter, compared to analysts’ expectations of $555.24 million. Enerflex had a return on equity of 10.21% and a net margin of 5.54%. As a group, sell-side analysts predict that Enerflex will post 0.25 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Monday, August 18th. This represents a $0.15 annualized dividend and a dividend yield of 1.2%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio is presently 10.58%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jupiter Asset Management Ltd. bought a new stake in shares of Enerflex during the first quarter worth approximately $348,000. Allianz Asset Management GmbH bought a new stake in Enerflex in the 2nd quarter valued at $1,718,000. Public Employees Retirement System of Ohio boosted its stake in Enerflex by 43.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock valued at $1,303,000 after purchasing an additional 50,193 shares during the period. American Century Companies Inc. boosted its stake in Enerflex by 131.8% in the 1st quarter. American Century Companies Inc. now owns 126,293 shares of the company’s stock valued at $976,000 after purchasing an additional 71,815 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of Enerflex in the first quarter valued at about $678,000. 46.47% of the stock is currently owned by institutional investors.

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.