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

Shares of Enerflex Ltd. (NYSE:EFXT) have earned an average rating of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $14.6250.

EFXT has been the topic of a number of analyst reports. Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 target price on shares of Enerflex in a report on Thursday. Wall Street Zen upgraded Enerflex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Finally, Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st.

Hedge Funds Weigh In On Enerflex

A number of hedge funds have recently modified their holdings of EFXT. Baron Wealth Management LLC raised its stake in shares of Enerflex by 64.2% during the fourth quarter. Baron Wealth Management LLC now owns 27,668 shares of the company’s stock valued at $427,000 after acquiring an additional 10,815 shares during the last quarter. Kathmere Capital Management LLC raised its position in Enerflex by 43.4% during the 4th quarter. Kathmere Capital Management LLC now owns 20,165 shares of the company’s stock valued at $311,000 after purchasing an additional 6,102 shares during the last quarter. SG Americas Securities LLC bought a new position in Enerflex during the 4th quarter valued at approximately $119,000. NewEdge Advisors LLC grew its position in shares of Enerflex by 41.0% in the 3rd quarter. NewEdge Advisors LLC now owns 32,711 shares of the company’s stock worth $353,000 after buying an additional 9,506 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Enerflex during the third quarter valued at approximately $732,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

NYSE:EFXT opened at $16.20 on Friday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 14.72 and a beta of 1.96. The business has a 50 day moving average of $14.71 and a 200 day moving average of $11.68. 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 has a 1-year low of $6.18 and a 1-year high of $16.73.

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). The business had revenue of $777.00 million for the quarter, compared to analysts’ expectations of $682.88 million. Enerflex had a return on equity of 12.35% and a net margin of 5.43%. On average, sell-side analysts predict that Enerflex will post 0.25 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.0425 per share. The ex-dividend date was Monday, November 17th. This represents a $0.17 dividend on an annualized basis and a yield of 1.0%. This is an increase from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio (DPR) is currently 10.91%.

About Enerflex

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.