Enerflex Ltd. (NYSE:EFXT – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.00.
Several equities research analysts have weighed in on the company. TD Securities reiterated a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $30.00 target price on shares of Enerflex in a research note on Friday, July 10th. Royal Bank Of Canada raised their price target on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.
View Our Latest Report on EFXT
Enerflex Stock Performance
Enerflex (NYSE:EFXT – Get Free Report) 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. Enerflex had a return on equity of 14.53% and a net margin of 3.19%.The company had revenue of $584.00 million for the quarter, compared to analysts’ expectations of $607.26 million. As a group, equities analysts anticipate that Enerflex will post 1.63 EPS for the current year.
Enerflex Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a dividend of $0.0425 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. Enerflex’s payout ratio is currently 19.40%.
Institutional Trading of Enerflex
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. purchased a new position in shares of Enerflex during the 2nd quarter worth approximately $30,000. Smartleaf Asset Management LLC bought a new stake in shares of Enerflex during the fourth quarter valued at approximately $31,000. Plato Investment Management Ltd grew 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 purchasing 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, Shelton Capital Management bought a new position in Enerflex in the third quarter worth $136,000. 46.47% of the stock is currently owned by hedge funds and other 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.
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