Enerflex (NYSE:EFXT) Price Target Raised to $31.00 at Royal Bank Of Canada

Enerflex (NYSE:EFXT) had its price target raised by Royal Bank Of Canada from $26.00 to $31.00 in a research report sent to investors on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other analysts have also recently commented on the stock. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Raymond James Financial cut shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Enerflex from $16.75 to $25.50 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.50.

Enerflex Trading Down 4.4%

Shares of Enerflex stock opened at $27.16 on Friday. Enerflex has a 12-month low of $6.74 and a 12-month high of $29.15. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.31 billion, a PE ratio of 40.53 and a beta of 1.93. The company has a 50-day moving average of $22.54 and a two-hundred day moving average of $17.87.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.58%. On average, research analysts anticipate that Enerflex will post 1.45 EPS for the current fiscal year.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.17 annualized dividend and a dividend yield of 0.6%. Enerflex’s payout ratio is currently 17.91%.

Institutional Trading of Enerflex

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Enerflex by 33.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company’s stock valued at $25,268,000 after buying an additional 303,398 shares during the period. Independent Financial Group LLC purchased a new stake in shares of Enerflex during the 1st quarter valued at $221,000. Kathmere Capital Management LLC grew its stake in shares of Enerflex by 12.0% during the 1st quarter. Kathmere Capital Management LLC now owns 22,587 shares of the company’s stock valued at $473,000 after buying an additional 2,422 shares during the period. Gunderson Capital Management LLC purchased a new stake in shares of Enerflex during the 1st quarter valued at $203,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Enerflex by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 273,980 shares of the company’s stock valued at $5,732,000 after buying an additional 7,859 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

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.