Enerflex Ltd. (NYSE:EFXT) Given Average Rating of “Moderate Buy” by Analysts

Enerflex Ltd. (NYSE:EFXT) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.3333.

EFXT has been the subject of several research analyst reports. Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. TD Securities restated a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Finally, Raymond James Financial upped their target price on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, May 28th.

Institutional Investors Weigh In On Enerflex

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC purchased a new stake in shares of Enerflex during the fourth quarter valued at $31,000. Plato Investment Management Ltd lifted its holdings 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 valued at $72,000 after purchasing an additional 3,730 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enerflex during the fourth quarter valued at $119,000. D Orazio & Associates Inc. lifted its holdings in shares of Enerflex by 14.8% during the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Shelton Capital Management purchased a new stake in shares of Enerflex during the third quarter valued at $136,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Trading Down 0.4%

Shares of Enerflex stock opened at $24.20 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 36.11 and a beta of 1.83. The business has a fifty day simple moving average of $24.99 and a 200-day simple moving average of $20.32. Enerflex has a fifty-two week low of $7.54 and a fifty-two week high of $29.15.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. The business had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. On average, equities analysts forecast that Enerflex will post 1.66 EPS for the current fiscal year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 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.