Enerflex (NYSE:EFXT) Stock Price Up 3.9% – What’s Next?

Enerflex Ltd. (NYSE:EFXT – Get Free Report) shares were up 3.9% during trading on Wednesday. The company traded as high as $23.25 and last traded at $23.2580. 83,767 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 586,788 shares. The stock had previously closed at $22.39.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings cut shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. Zacks Research cut shares of Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Raymond James Financial lifted their target price on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce set a $27.50 price objective on Enerflex in a research note on Monday, August 10th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.17.

View Our Latest Report on EFXT

Enerflex Stock Up 0.6%

The company has a market cap of $2.84 billion, a P/E ratio of 54.05 and a beta of 1.84. The company’s 50-day moving average is $21.84 and its two-hundred day moving average is $23.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86.

Enerflex (NYSE:EFXT – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. As a group, equities analysts predict that Enerflex Ltd. will post 1.34 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a dividend of C$0.04 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. Enerflex’s dividend payout ratio is 27.91%.

Institutional Trading of Enerflex

Several large investors have recently modified their holdings of the company. Baron Wealth Management LLC boosted its position in shares of Enerflex by 2.5% in the second quarter. Baron Wealth Management LLC now owns 30,530 shares of the company’s stock worth $748,000 after purchasing an additional 751 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Enerflex by 4.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 24,089 shares of the company’s stock valued at $502,000 after purchasing an additional 1,017 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of Enerflex during the 2nd quarter valued at $30,000. State of Wyoming lifted its stake in shares of Enerflex by 11.4% during the 4th quarter. State of Wyoming now owns 22,679 shares of the company’s stock valued at $350,000 after buying an additional 2,319 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in Enerflex by 12.0% in the 1st quarter. Kathmere Capital Management LLC now owns 22,587 shares of the company’s stock worth $473,000 after buying an additional 2,422 shares during the period. Institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

(Get Free Report)

Enerflex Ltd. (NYSE: EFXT) is an energy infrastructure company that designs, engineers, manufactures, and operates equipment and facilities used in the processing, compression, and treatment of natural gas. Its solutions support the development, transportation, and utilization of natural gas and other hydrocarbons across upstream, midstream, and downstream applications.

The company provides natural gas compression, gas processing and treating, refrigeration, power generation, and related equipment and services.

Recommended Stories

Receive News & Ratings for Enerflex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerflex and related companies with MarketBeat.com's FREE daily email newsletter.