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

Enerflex Ltd. (NYSE:EFXT) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $35.3333.

A number of research analysts have commented on EFXT shares. Royal Bank Of Canada increased their price objective on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. TD Securities restated a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $28.00 price target on shares of Enerflex in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th.

Institutional Trading of Enerflex

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of Enerflex by 51.4% in the 1st quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock worth $27,059,000 after acquiring an additional 438,920 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Enerflex by 141.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 423,361 shares of the company’s stock worth $8,848,000 after acquiring an additional 248,303 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Enerflex by 32.4% in the 1st quarter. Lazard Asset Management LLC now owns 382,333 shares of the company’s stock worth $7,999,000 after acquiring an additional 93,545 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Enerflex by 4.5% in the 1st quarter. Renaissance Technologies LLC now owns 212,200 shares of the company’s stock worth $4,439,000 after acquiring an additional 9,100 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Enerflex by 21.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock worth $8,506,000 after acquiring an additional 70,818 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of EFXT stock opened at $24.70 on Wednesday. The company has a market capitalization of $3.01 billion, a PE ratio of 36.86 and a beta of 1.83. The firm has a fifty day simple moving average of $24.77 and a 200-day simple moving average of $20.10. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. Enerflex has a twelve month low of $7.54 and a twelve month high of $29.15.

Enerflex (NYSE:EFXT) last announced its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. The business had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. Equities research analysts anticipate that Enerflex will post 1.66 earnings per share for the current fiscal year.

Enerflex Announces Dividend

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