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

Enerflex Ltd. (NYSE:EFXT) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.3333.

EFXT has been the subject of a number of recent research reports. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Raymond James Financial increased their price objective on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $28.00 target price on shares of Enerflex in a report on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, May 8th.

Institutional Investors Weigh In On Enerflex

Several institutional investors and hedge funds have recently bought and sold shares of EFXT. Financial Management Professionals Inc. bought a new position in shares of Enerflex during the second quarter valued at approximately $30,000. Smartleaf Asset Management LLC bought a new stake in Enerflex in the fourth quarter valued at $31,000. Plato Investment Management Ltd increased its position in Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after purchasing an additional 3,730 shares during the period. SG Americas Securities LLC purchased a new position in Enerflex during the 4th quarter valued at $119,000. Finally, Gunderson Capital Management LLC bought a new position in Enerflex in the 1st quarter worth $203,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 1.4%

Shares of NYSE EFXT opened at $24.08 on Friday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 35.93 and a beta of 1.83. Enerflex has a one year low of $7.59 and a one year high of $29.15. The firm’s 50 day simple moving average is $25.51 and its two-hundred day simple moving average is $21.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data 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 company had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. As a group, analysts expect that Enerflex will post 1.66 EPS for the current fiscal year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 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.