Enerflex Ltd. (NYSE:EFXT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Enerflex Ltd. (NYSE:EFXT) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.6250.

Several research firms have recently issued reports on EFXT. Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research downgraded shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of Enerflex in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Finally, Raymond James Financial cut shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd.

Institutional Trading of Enerflex

A number of large investors have recently bought and sold shares of EFXT. Hillsdale Investment Management Inc. raised its holdings in Enerflex by 435.9% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after buying an additional 3,824,093 shares during the period. Millennium Management LLC raised its holdings in shares of Enerflex by 351.0% during the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after acquiring an additional 880,358 shares during the period. Man Group plc raised its holdings in shares of Enerflex by 433.7% during the second quarter. Man Group plc now owns 1,069,556 shares of the company’s stock worth $8,426,000 after acquiring an additional 869,156 shares during the period. Goldman Sachs Group Inc. lifted its position in Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after acquiring an additional 752,893 shares in the last quarter. Finally, NewGen Equity Long Short Fund acquired a new position in Enerflex in the 2nd quarter worth $5,628,000. 46.47% of the stock is owned by institutional investors.

Enerflex Stock Down 3.5%

Shares of Enerflex stock opened at $22.41 on Monday. The business has a fifty day simple moving average of $17.28 and a 200 day simple moving average of $13.87. The stock has a market cap of $2.73 billion, a PE ratio of 43.94 and a beta of 1.84. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. Enerflex has a 12 month low of $6.18 and a 12 month high of $23.47.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 11th. Enerflex’s dividend payout ratio is 23.53%.

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.