Enerflex Ltd. (EFXT) – What Are Analysts Saying About This Stock?

Enerflex Ltd. (NYSE:EFXT) has been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $38.00.

A number of research firms have recently issued reports on EFXT. TD Securities lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research report on Friday, October 16th. Weiss Ratings raised shares of Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada dropped their price objective on shares of Enerflex from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Finally, Acumen Capital upgraded shares of Enerflex to a “strong-buy” rating in a report on Friday, October 2nd.

Enerflex Stock Up 0.6%

Shares of EFXT opened at $20.21 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.23. Enerflex has a one year low of $12.57 and a one year high of $29.15. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 34.85 and a beta of 1.79. The stock has a 50 day moving average price of $23.10 and a 200 day moving average price of $22.72.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Enerflex had a return on equity of 13.15% and a net margin of 2.94%. The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $632.70 million. Equities research analysts forecast that Enerflex will post 1.42 earnings per share for the current fiscal year.

Enerflex Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a dividend of C$0.04 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.14 annualized dividend and a dividend yield of 0.7%. This is a decrease from Enerflex’s previous quarterly dividend of C$0.04. Enerflex’s payout ratio is presently 17.24%.

Institutional Investors Weigh In On Enerflex

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enerflex during the second quarter worth $330,515,000. Letko Brosseau & Associates Inc. increased its position in Enerflex by 0.9% during the third quarter. Letko Brosseau & Associates Inc. now owns 2,014,813 shares of the company’s stock worth $45,952,000 after purchasing an additional 17,025 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Enerflex during the 2nd quarter worth approximately $30,569,000. Dimensional Fund Advisors LP increased its stake in Enerflex by 33.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company’s stock worth $25,268,000 after acquiring an additional 303,398 shares during the last quarter. Finally, Cibc World Market Inc. acquired a new position in shares of Enerflex in the 2nd quarter valued at $15,851,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. provides equipment, services and integrated solutions for natural gas infrastructure and energy projects. Its offerings include gas compression, processing and refrigeration systems, as well as power generation equipment. The company supports projects from engineering and equipment manufacturing through construction, installation and commissioning. It also provides aftermarket services, including operations, maintenance and parts support. Headquartered in Calgary, Alberta, Enerflex serves customers across North America, Latin America and international markets.