Enerflex (NYSE:EFXT) Upgraded at Zacks Research

Enerflex (NYSE:EFXT) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on EFXT. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of Enerflex in a research report on Thursday, January 15th. Finally, Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.63.

Enerflex Stock Performance

Shares of Enerflex stock opened at $21.75 on Tuesday. The firm has a market cap of $2.65 billion, a PE ratio of 42.65 and a beta of 1.84. The firm’s 50-day simple moving average is $18.37 and its 200-day simple moving average is $14.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13. Enerflex has a 1 year low of $6.18 and a 1 year high of $23.82.

Hedge Funds Weigh In On Enerflex

A number of large investors have recently bought and sold shares of the business. 1832 Asset Management L.P. grew its holdings in shares of Enerflex by 6.4% during the second quarter. 1832 Asset Management L.P. now owns 7,509,600 shares of the company’s stock valued at $59,251,000 after purchasing an additional 454,900 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Enerflex by 0.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,735,102 shares of the company’s stock worth $61,841,000 after purchasing an additional 36,477 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Enerflex by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock worth $76,327,000 after purchasing an additional 186,649 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Enerflex by 435.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after purchasing an additional 3,824,093 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after purchasing an additional 752,893 shares during the period. Institutional investors own 46.47% of the company’s stock.

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.