Enerflex (NYSE:EFXT) Stock Rating Upgraded by Zacks Research

Enerflex (NYSE:EFXT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently commented on EFXT. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th. Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada boosted their price target on shares of Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Wall Street Zen upgraded Enerflex from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enerflex presently has an average rating of “Buy” and an average target price of $13.13.

Enerflex Stock Performance

Shares of Enerflex stock opened at $15.92 on Thursday. Enerflex has a 12 month low of $6.18 and a 12 month high of $16.01. 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 stock has a market cap of $1.94 billion, a PE ratio of 14.48 and a beta of 1.96. The business has a fifty day simple moving average of $14.16 and a 200-day simple moving average of $11.12.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). Enerflex had a return on equity of 12.35% and a net margin of 5.43%.The business had revenue of $777.00 million during the quarter, compared to analysts’ expectations of $682.88 million. On average, sell-side analysts anticipate that Enerflex will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Enerflex

Several institutional investors have recently bought and sold shares of the stock. D Orazio & Associates Inc. acquired a new position in shares of Enerflex during the 2nd quarter valued at about $80,000. Vise Technologies Inc. bought a new stake in Enerflex during the second quarter worth approximately $85,000. Shelton Capital Management bought a new stake in Enerflex during the third quarter worth approximately $136,000. Schonfeld Strategic Advisors LLC acquired a new position in Enerflex during the third quarter valued at approximately $138,000. Finally, Prelude Capital Management LLC bought a new position in shares of Enerflex in the third quarter valued at approximately $147,000. 46.47% of the stock is currently owned by institutional investors.

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.