Enerflex Ltd. (NYSE:EFXT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Enerflex Ltd. (NYSE:EFXT) have received a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $36.00.

Several research analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. TD Securities restated a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Enerflex in a research note on Friday, July 10th.

Enerflex Trading Down 2.6%

Shares of EFXT stock opened at $21.11 on Thursday. The business has a 50-day moving average of $24.34 and a 200 day moving average of $22.36. 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 has a 1-year low of $7.59 and a 1-year high of $29.15. The stock has a market capitalization of $2.58 billion, a PE ratio of 31.51 and a beta of 1.83.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Enerflex had a return on equity of 14.53% and a net margin of 3.19%.The business had revenue of $584.00 million for the quarter, compared to analysts’ expectations of $607.26 million. As a group, sell-side analysts anticipate that Enerflex will post 1.63 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors 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 yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Enerflex’s payout ratio is currently 19.40%.

Institutional Investors Weigh In On Enerflex

Several institutional investors and hedge funds have recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new stake in shares of Enerflex in the 2nd quarter worth approximately $30,000. Smartleaf Asset Management LLC bought a new position in shares of Enerflex during the fourth quarter valued at approximately $31,000. Plato Investment Management Ltd lifted its stake in Enerflex by 399.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after acquiring an additional 3,730 shares during the period. SG Americas Securities LLC purchased a new stake in Enerflex in the fourth quarter worth $119,000. Finally, Gunderson Capital Management LLC bought a new stake in Enerflex in the first quarter valued at $203,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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.