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

Shares of Enerflex Ltd. (NYSE:EFXT) have been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $35.3333.

EFXT has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. TD Securities reiterated a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $28.00 target price on shares of Enerflex in a research report on Friday, May 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th.

Hedge Funds Weigh In On Enerflex

Several large investors have recently made changes to their positions in EFXT. Millennium Management LLC boosted its position in shares of Enerflex by 351.0% during the 1st 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 in the last quarter. NewEdge Advisors LLC boosted its position in shares of Enerflex by 984.3% during the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after purchasing an additional 20,689 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Enerflex by 51.9% during the 1st 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. Geode Capital Management LLC boosted its position in shares of Enerflex by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock valued at $665,000 after purchasing an additional 18,434 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Enerflex by 8.3% during the 2nd quarter. Legal & General Group Plc now owns 155,243 shares of the company’s stock valued at $1,223,000 after purchasing an additional 11,920 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 0.6%

EFXT stock opened at $24.70 on Wednesday. The firm’s 50-day simple moving average is $24.77 and its 200 day simple moving average is $20.10. The stock has a market cap of $3.01 billion, a PE ratio of 36.86 and a beta of 1.83. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. Enerflex has a fifty-two week low of $7.54 and a fifty-two week high of $29.15.

Enerflex (NYSE:EFXT) last announced 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 firm had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. As a group, sell-side analysts predict that Enerflex will post 1.66 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a dividend of $0.0425 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is 19.40%.

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.