Zacks Research Downgrades Enerflex (NYSE:EFXT) to Hold

Enerflex (NYSE:EFXT) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of Enerflex in a report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.63.

Enerflex Stock Down 0.2%

NYSE EFXT opened at $18.25 on Monday. The business’s fifty day simple moving average is $16.07 and its 200-day simple moving average is $12.85. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.22 billion, a PE ratio of 16.59 and a beta of 1.95. Enerflex has a 52 week low of $6.18 and a 52 week high of $19.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Plato Investment Management Ltd increased its stake in Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after buying an additional 3,730 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Enerflex in the fourth quarter valued at $119,000. D Orazio & Associates Inc. purchased a new position in Enerflex in the second quarter valued at $80,000. Vise Technologies Inc. acquired a new position in Enerflex during the 2nd quarter worth $85,000. Finally, Shelton Capital Management purchased a new stake in Enerflex during the 3rd quarter worth about $136,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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.