Enerflex Ltd. (NYSE:EFXT) Stock Rated “Moderate Buy” by Sell-Side Analysts

Enerflex Ltd. (NYSE:EFXT) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $38.67.

EFXT has been the subject of several analyst reports. Wall Street Zen cut shares of Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Canadian Imperial Bank of Commerce set a $35.00 price objective on Enerflex and gave the company an “outperform” rating in a report on Tuesday. Acumen Capital raised Enerflex to a “strong-buy” rating in a report on Friday, October 2nd. Weiss Ratings upgraded Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Royal Bank Of Canada increased their target price on Enerflex from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Enerflex Stock Performance

Shares of EFXT opened at $24.90 on Tuesday. The stock has a market capitalization of $3.04 billion, a P/E ratio of 57.90 and a beta of 1.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. Enerflex has a 1 year low of $10.57 and a 1 year high of $29.15. The company’s fifty day moving average is $22.51 and its two-hundred day moving average is $23.57.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, August 6th. The company reported $0.25 EPS 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 analyst estimates of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. On average, sell-side analysts predict that Enerflex will post 1.32 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a C$0.04 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. Enerflex’s payout ratio is 27.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EFXT. Financial Management Professionals Inc. acquired a new stake in Enerflex in the second quarter valued at $30,000. Integrated Wealth Concepts LLC acquired a new position in shares of Enerflex during the 2nd quarter worth $79,000. Deutsche Bank AG acquired a new position in shares of Enerflex during the 2nd quarter worth $158,000. Wellington Altus USA Inc. acquired a new position in shares of Enerflex during the 2nd quarter worth $185,000. Finally, Gunderson Capital Management LLC purchased a new position in shares of Enerflex in the 1st quarter valued at about $203,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

About Enerflex

Enerflex Ltd. (NYSE: EFXT) is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.