Enerflex (NYSE:EFXT) Sets New 52-Week High – Time to Buy?

Shares of Enerflex Ltd. (NYSE:EFXT) hit a new 52-week high on Wednesday . The company traded as high as $19.79 and last traded at $19.4930, with a volume of 109961 shares trading hands. The stock had previously closed at $19.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EFXT. Zacks Research lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a research note on Thursday, January 15th. Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.63.

Enerflex Trading Up 1.9%

The company has a 50 day moving average price of $16.50 and a 200 day moving average price of $13.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 1.24. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 17.64 and a beta of 1.95.

Hedge Funds Weigh In On Enerflex

A number of hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC acquired a new stake in Enerflex in the 4th quarter valued at approximately $31,000. Plato Investment Management Ltd boosted its position in shares of Enerflex by 399.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after buying an additional 3,730 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Enerflex in the fourth quarter valued at $119,000. D Orazio & Associates Inc. purchased a new stake in shares of Enerflex in the 2nd quarter valued at $80,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Enerflex in the 2nd quarter valued at $85,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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.