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

Shares of Enerflex Ltd. (NYSE:EFXT) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.1250.

A number of brokerages have commented on EFXT. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Raymond James Financial reiterated an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, August 8th.

Enerflex Stock Up 0.4%

EFXT stock opened at $13.79 on Friday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 12.54 and a beta of 2.03. Enerflex has a 1-year low of $6.18 and a 1-year high of $14.18. The firm has a fifty day moving average price of $12.07 and a two-hundred day moving average price of $9.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Enerflex had a net margin of 5.43% and a return on equity of 12.35%. The business had revenue of $777.00 million during the quarter, compared to analyst estimates of $682.88 million. Research analysts predict that Enerflex will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a $0.0425 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, November 17th. This represents a $0.17 annualized dividend and a yield of 1.2%. Enerflex’s payout ratio is currently 10.91%.

Hedge Funds Weigh In On Enerflex

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. increased its position in Enerflex by 435.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock valued at $50,695,000 after acquiring an additional 3,824,093 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Enerflex by 42.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company’s stock worth $48,555,000 after purchasing an additional 1,863,470 shares in the last quarter. Millennium Management LLC increased 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 valued at $8,747,000 after purchasing an additional 880,358 shares during the period. Man Group plc raised its stake 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 valued at $8,426,000 after purchasing an additional 869,156 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.