Analysts Set Enerflex Ltd. (NYSE:EFXT) PT at $13.13

Enerflex Ltd. (NYSE:EFXT) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $13.1250.

A number of equities research analysts have recently commented on EFXT shares. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Royal Bank Of Canada increased their target price on Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th.

Institutional Investors Weigh In On Enerflex

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in shares of Enerflex during the 1st quarter valued at $130,000. Envestnet Asset Management Inc. bought a new position in Enerflex in the first quarter valued at about $863,000. Y Intercept Hong Kong Ltd purchased a new position in Enerflex in the first quarter worth about $303,000. TD Asset Management Inc boosted its position in Enerflex by 59.8% in the first quarter. TD Asset Management Inc now owns 1,891,990 shares of the company’s stock worth $14,618,000 after purchasing an additional 708,153 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Enerflex by 21.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company’s stock valued at $302,000 after purchasing an additional 6,793 shares during the period. Institutional investors own 46.47% of the company’s stock.

Enerflex Trading Up 1.3%

NYSE EFXT opened at $13.73 on Friday. Enerflex has a 12 month low of $6.18 and a 12 month high of $14.18. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $11.95 and its 200-day moving average price is $9.62. The stock has a market cap of $1.67 billion, a P/E ratio of 12.48 and a beta of 2.02.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results 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). The company had revenue of $777.00 million during the quarter, compared to analysts’ expectations of $682.88 million. Enerflex had a return on equity of 12.35% and a net margin of 5.43%. As a group, equities analysts forecast that Enerflex will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.0425 per share. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 1.2%. Enerflex’s dividend payout ratio is presently 10.91%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.