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

Enerflex Ltd. (NYSE:EFXT) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $35.3333.

EFXT has been the subject of several research reports. TD Securities restated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada increased their price target on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC acquired a new stake in shares of Enerflex in the 4th quarter worth about $31,000. Plato Investment Management Ltd increased its holdings in Enerflex by 399.4% during the 4th 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 in the last quarter. SG Americas Securities LLC bought a new stake in Enerflex during the 4th quarter worth approximately $119,000. Shelton Capital Management purchased a new stake in shares of Enerflex in the third quarter worth approximately $136,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Enerflex in the third quarter worth approximately $138,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Stock Up 0.1%

Enerflex stock opened at $23.11 on Friday. 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 has a 12-month low of $7.59 and a 12-month high of $29.15. The firm’s fifty day moving average is $25.66 and its 200 day moving average is $21.31. The company has a market capitalization of $2.82 billion, a PE ratio of 34.50 and a beta of 1.83.

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

Enerflex Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.7%. Enerflex’s dividend payout ratio is presently 19.40%.

About Enerflex

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.