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

Shares of Enerflex Ltd. (NYSE:EFXT) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.1250.

EFXT has been the topic of several analyst reports. Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Royal Bank Of Canada boosted their price objective on shares of Enerflex from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Raymond James Financial reaffirmed an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th.

Institutional Trading of Enerflex

A number of institutional investors have recently bought and sold shares of EFXT. Connor Clark & Lunn Investment Management Ltd. boosted its position in Enerflex by 42.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company’s stock valued at $48,555,000 after acquiring an additional 1,863,470 shares during the last quarter. Millennium Management LLC boosted its position in Enerflex by 351.0% during the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after acquiring an additional 880,358 shares during the last quarter. Man Group plc boosted its position in Enerflex by 433.7% during the second quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after acquiring an additional 869,156 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after acquiring an additional 752,893 shares during the last quarter. Finally, NewGen Equity Long Short Fund acquired a new position in shares of Enerflex during the second quarter valued at about $5,628,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

Shares of Enerflex stock opened at $12.59 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. Enerflex has a twelve month low of $6.18 and a twelve month high of $12.97. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 12.10 and a beta of 2.01. The company’s fifty day moving average is $10.96 and its 200 day moving average is $8.86.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.42. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The company had revenue of $615.00 million for the quarter, compared to analysts’ expectations of $555.24 million. Sell-side analysts forecast that Enerflex will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.2%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, August 18th. Enerflex’s payout ratio is currently 10.58%.

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.