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

Enerflex Ltd. (NYSE:EFXT) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $35.17.

A number of brokerages have issued reports on EFXT. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Canadian Imperial Bank of Commerce set a $27.50 price target on shares of Enerflex in a research report on Monday, August 10th. Raymond James Financial lifted their price objective on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings downgraded shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th.

Enerflex Stock Performance

Shares of Enerflex stock opened at $23.24 on Friday. The firm has a fifty day moving average of $21.84 and a two-hundred day moving average of $23.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 54.05 and a beta of 1.84. Enerflex has a 52 week low of $10.57 and a 52 week high of $29.15.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). The company had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. As a group, equities research analysts predict that Enerflex will post 1.34 EPS for the current year.

Enerflex Dividend Announcement

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

Institutional Investors Weigh In On Enerflex

Several large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enerflex during the 2nd quarter valued at about $330,515,000. TD Asset Management Inc increased its stake in Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after purchasing an additional 518,639 shares in the last quarter. Bank of America Corp DE raised its holdings in Enerflex by 51.4% during the 1st 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 raised its holdings in Enerflex by 33.5% during the 1st 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. Finally, NewGen Asset Management Ltd lifted its stake in Enerflex by 10.3% in the fourth quarter. NewGen Asset Management Ltd now owns 786,744 shares of the company’s stock valued at $12,133,000 after buying an additional 73,400 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is an energy infrastructure company that designs, engineers, manufactures, and operates equipment and facilities used in the processing, compression, and treatment of natural gas. Its solutions support the development, transportation, and utilization of natural gas and other hydrocarbons across upstream, midstream, and downstream applications.

The company provides natural gas compression, gas processing and treating, refrigeration, power generation, and related equipment and services.