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

Shares of Enerflex Ltd. (NYSE:EFXT) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $35.3333.

Several research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $28.00 target price 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 note on Friday, May 8th. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Finally, Raymond James Financial increased their price target on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th.

Institutional Investors Weigh In On Enerflex

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in shares of Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after buying an additional 880,358 shares during the last quarter. Man Group plc increased its holdings in Enerflex by 433.7% during the second quarter. Man Group plc now owns 1,069,556 shares of the company’s stock worth $8,426,000 after buying an additional 869,156 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after buying an additional 752,893 shares during the last quarter. TD Asset Management Inc raised its position in Enerflex by 31.8% in the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after acquiring an additional 518,639 shares during the period. Finally, Fiera Capital Corp raised its position in Enerflex by 2,060.8% in the fourth quarter. Fiera Capital Corp now owns 536,529 shares of the company’s stock worth $8,274,000 after acquiring an additional 511,699 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $23.11 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.82 billion, a PE ratio of 34.50 and a beta of 1.83. The stock’s fifty day simple moving average is $25.66 and its two-hundred day simple moving average is $21.31. Enerflex has a 1-year low of $7.59 and a 1-year high of $29.15.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. The firm had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. As a group, analysts forecast that Enerflex will post 1.66 EPS for the current fiscal year.

Enerflex Announces Dividend

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