Enerflex (NYSE:EFXT) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Enerflex (NYSE:EFXT) had its price objective increased by research analysts at Royal Bank Of Canada from $26.00 to $31.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 11.94% from the company’s current price.

Other analysts have also recently issued research reports about the company. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Canadian Imperial Bank of Commerce lifted their target price on Enerflex from $16.75 to $25.50 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

Enerflex Trading Down 2.5%

Shares of EFXT traded down $0.70 during midday trading on Friday, hitting $27.69. The stock had a trading volume of 255,855 shares, compared to its average volume of 600,367. The business has a 50-day simple moving average of $22.54 and a two-hundred day simple moving average of $17.87. The firm has a market cap of $3.38 billion, a P/E ratio of 54.54 and a beta of 1.93. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Enerflex has a fifty-two week low of $6.74 and a fifty-two week high of $29.15.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Enerflex had a net margin of 2.49% and a return on equity of 13.03%. The business had revenue of $584.00 million for the quarter, compared to analyst estimates of $607.26 million. As a group, equities analysts forecast that Enerflex will post 1.45 EPS for the current year.

Institutional Trading of Enerflex

Several large investors have recently added to or reduced their stakes in the business. Intact Investment Management Inc. bought a new position in shares of Enerflex during the 3rd quarter valued at $5,053,000. Cibc World Market Inc. increased its position in Enerflex by 267.3% during the third quarter. Cibc World Market Inc. now owns 498,718 shares of the company’s stock worth $5,378,000 after buying an additional 362,939 shares during the last quarter. Caprock Group LLC bought a new position in Enerflex during the third quarter valued at about $271,000. Hillsdale Investment Management Inc. raised its holdings in Enerflex by 435.9% during the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock valued at $50,695,000 after buying an additional 3,824,093 shares in the last quarter. Finally, Aristides Capital LLC acquired a new position in shares of Enerflex during the 3rd quarter valued at about $308,000. 46.47% of the stock is owned by institutional investors.

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.