Enerflex Ltd. (NYSE:EFXT) Receives $25.75 Consensus Target Price from Brokerages

Enerflex Ltd. (NYSE:EFXT) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $25.75.

Several analysts have recently weighed in on EFXT shares. Canadian Imperial Bank of Commerce boosted their target price on Enerflex from $16.75 to $25.50 and gave the company a “neutral” rating in a report on Thursday, April 16th. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st.

Enerflex Trading Down 0.4%

NYSE:EFXT opened at $25.58 on Tuesday. The stock has a 50-day simple moving average of $21.64 and a 200-day simple moving average of $17.19. The stock has a market cap of $3.12 billion, a P/E ratio of 50.15 and a beta of 1.83. Enerflex has a 1 year low of $6.42 and a 1 year high of $26.39. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.17 annualized dividend and a yield of 0.7%. Enerflex’s dividend payout ratio is currently 23.53%.

Institutional Trading of Enerflex

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its position in shares of Enerflex by 0.8% during the fourth quarter. Neuberger Berman Group LLC now owns 118,504 shares of the company’s stock worth $1,829,000 after buying an additional 883 shares during the period. Pictet Asset Management Holding SA lifted its position in Enerflex by 4.4% in the first quarter. Pictet Asset Management Holding SA now owns 24,089 shares of the company’s stock worth $502,000 after purchasing an additional 1,017 shares during the period. NewEdge Advisors LLC lifted its position in Enerflex by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock worth $521,000 after purchasing an additional 1,033 shares during the period. Russell Investments Group Ltd. lifted its position in Enerflex by 0.7% in the third quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock worth $1,696,000 after purchasing an additional 1,035 shares during the period. Finally, D Orazio & Associates Inc. lifted its position in Enerflex by 9.6% in the fourth quarter. D Orazio & Associates Inc. now owns 12,690 shares of the company’s stock worth $196,000 after purchasing an additional 1,110 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

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.