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

Shares of Enerflex Ltd. (NYSE:EFXT) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $35.1667.

A number of research analysts have recently issued reports on the company. Raymond James Financial lifted their price target on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Royal Bank Of Canada upped their price target on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. TD Securities reissued a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Finally, Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $20.34 on Monday. Enerflex has a 52-week low of $9.64 and a 52-week high of $29.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $22.92 and its 200 day moving average is $22.92. The stock has a market cap of $2.48 billion, a P/E ratio of 47.30 and a beta of 1.86.

Enerflex (NYSE:EFXT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Sell-side analysts predict that Enerflex will post 1.34 EPS for the current year.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex’s dividend payout ratio is 27.91%.

Institutional Trading of Enerflex

Several institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enerflex in the 2nd quarter valued at $330,515,000. Mackenzie Financial Corp raised its holdings in shares of Enerflex by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock worth $76,327,000 after purchasing an additional 186,649 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after purchasing an additional 752,893 shares during the period. TD Asset Management Inc lifted its position in Enerflex by 31.8% during the fourth 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 period. Finally, Bank of Montreal Can boosted its holdings in Enerflex by 11.8% in the fourth quarter. Bank of Montreal Can now owns 1,735,826 shares of the company’s stock valued at $26,761,000 after purchasing an additional 182,578 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Company Profile

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.