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

Enerflex Ltd. (NYSE:EFXT) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $29.50.

Several research firms have issued reports on EFXT. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Royal Bank Of Canada upped their price objective on shares of Enerflex from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. TD Securities restated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd.

Hedge Funds Weigh In On Enerflex

Large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC acquired a new position in Enerflex in the fourth quarter valued at $31,000. Plato Investment Management Ltd boosted its stake in shares of Enerflex by 399.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after buying an additional 3,730 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Enerflex during the fourth quarter worth about $119,000. D Orazio & Associates Inc. boosted its stake in shares of Enerflex by 14.8% during the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after buying an additional 1,497 shares during the period. Finally, Shelton Capital Management acquired a new stake in shares of Enerflex during the third quarter worth about $136,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Performance

NYSE:EFXT opened at $27.81 on Friday. The firm has a market capitalization of $3.39 billion, a PE ratio of 41.50 and a beta of 1.93. The business’s fifty day moving average price is $23.52 and its 200 day moving average price is $18.85. 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 12 month low of $6.74 and a 12 month high of $29.15.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $584.00 million for the quarter, compared to analyst estimates of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. On average, sell-side analysts anticipate that Enerflex will post 1.68 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 17.91%.

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.