Enerflex (NYSE:EFXT) Downgraded by Zacks Research to Hold

Enerflex (NYSE:EFXT) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also issued reports on EFXT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Finally, 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.63.

Enerflex Stock Down 0.2%

Shares of NYSE EFXT opened at $18.25 on Monday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 16.59 and a beta of 1.95. The company’s 50-day simple moving average is $16.07 and its 200-day simple moving average is $12.85. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. Enerflex has a 52-week low of $6.18 and a 52-week high of $19.65.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Wyoming boosted its position in shares of Enerflex by 11.4% during the 4th quarter. State of Wyoming now owns 22,679 shares of the company’s stock valued at $350,000 after acquiring an additional 2,319 shares during the last quarter. TD Asset Management Inc boosted its holdings in Enerflex by 31.8% in the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock valued at $33,215,000 after purchasing an additional 518,639 shares during the last quarter. Cibc World Market Inc. grew its stake in shares of Enerflex by 32.5% in the 4th quarter. Cibc World Market Inc. now owns 660,755 shares of the company’s stock valued at $10,189,000 after buying an additional 162,037 shares during the period. CIBC Asset Management Inc grew its position in Enerflex by 9.5% in the fourth quarter. CIBC Asset Management Inc now owns 115,777 shares of the company’s stock worth $1,786,000 after acquiring an additional 10,014 shares during the period. Finally, Jupiter Asset Management Ltd. grew its position in Enerflex by 20.1% in the fourth quarter. Jupiter Asset Management Ltd. now owns 80,272 shares of the company’s stock worth $1,239,000 after acquiring an additional 13,428 shares during the period. 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.