Enerflex (NYSE:EFXT) Raised to “Strong-Buy” at Acumen Capital

Enerflex (NYSE:EFXT) was upgraded by Acumen Capital to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks reports.

Several other brokerages have also recently weighed in on EFXT. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings downgraded Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Enerflex from $27.50 to $30.00 and gave the stock a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Enerflex Stock Performance

EFXT opened at $24.58 on Friday. The firm has a market capitalization of $3.00 billion, a PE ratio of 57.16 and a beta of 1.80. Enerflex has a twelve month low of $10.57 and a twelve month high of $29.15. The firm’s 50-day moving average price is $21.88 and its 200 day moving average price is $23.33. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. As a group, sell-side analysts expect that Enerflex will post 1.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wellington Altus USA Inc. acquired a new stake in Enerflex during the second quarter worth $185,000. Integrated Wealth Concepts LLC purchased a new stake in Enerflex in the second quarter valued at $79,000. TD Waterhouse Canada Inc. lifted its stake in shares of Enerflex by 74.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock valued at $13,170,000 after purchasing an additional 238,574 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Enerflex in the 2nd quarter valued at $8,500,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Enerflex during the 2nd quarter worth $4,219,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

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.