Brokerages Set Enerflex Ltd. (NYSE:EFXT) PT at $14.63

Shares of Enerflex Ltd. (NYSE:EFXT) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.6250.

EFXT has been the subject of several research reports. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Enerflex in a report on Thursday, January 15th. Raymond James Financial cut Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st.

Enerflex Trading Up 1.8%

EFXT opened at $20.92 on Friday. The company has a market cap of $2.55 billion, a P/E ratio of 41.01 and a beta of 1.84. 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 company’s 50 day moving average is $19.92 and its 200-day moving average is $15.67. Enerflex has a 1-year low of $6.18 and a 1-year high of $23.82.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex’s dividend payout ratio (DPR) is presently 23.53%.

Institutional Trading of Enerflex

Several hedge funds and other institutional investors have recently made changes to their positions in EFXT. Purpose Unlimited Inc. bought a new position in Enerflex in the 4th quarter valued at approximately $7,051,000. Mackenzie Financial Corp grew its holdings in Enerflex by 4.0% during the 4th quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock worth $76,327,000 after acquiring an additional 186,649 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Enerflex by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock worth $521,000 after acquiring an additional 1,033 shares during the last quarter. Toronto Dominion Bank increased its position in Enerflex by 186.2% in the 4th quarter. Toronto Dominion Bank now owns 309,734 shares of the company’s stock valued at $4,775,000 after acquiring an additional 201,523 shares during the period. Finally, Numerai GP LLC acquired a new position in Enerflex in the 4th quarter valued at approximately $252,000. 46.47% of the stock is currently owned by 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.