Enerflex (NYSE:EFXT) Hits New 52-Week High – Still a Buy?

Enerflex Ltd. (NYSE:EFXT)’s share price reached a new 52-week high on Tuesday . The company traded as high as $19.95 and last traded at $19.96, with a volume of 247237 shares changing hands. The stock had previously closed at $19.31.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EFXT shares. Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set 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. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.63.

Enerflex Stock Performance

The stock has a market cap of $2.43 billion, a P/E ratio of 18.15 and a beta of 1.95. The firm has a 50 day moving average of $16.79 and a two-hundred day moving average of $13.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 1.24.

Hedge Funds Weigh In On Enerflex

A number of institutional investors and hedge funds have recently bought and sold shares of EFXT. Millennium Management LLC boosted its holdings in Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after purchasing an additional 880,358 shares during the period. NewEdge Advisors LLC raised its position in shares of Enerflex by 984.3% during the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after buying an additional 752,893 shares during the period. Envestnet Asset Management Inc. grew its position in Enerflex by 26.7% during the second quarter. Envestnet Asset Management Inc. now owns 141,524 shares of the company’s stock worth $1,117,000 after buying an additional 29,821 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in Enerflex by 314.8% during the second quarter. Y Intercept Hong Kong Ltd now owns 162,696 shares of the company’s stock worth $1,284,000 after buying an additional 123,476 shares in the last quarter. 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.