Enerflex Ltd. (NYSE:EFXT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Enerflex Ltd. (NYSE:EFXTGet Free Report) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $35.1667.

Several brokerages have weighed in on EFXT. Wall Street Zen lowered shares of Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce set a $27.50 price objective on shares of Enerflex in a research note on Monday, August 10th. Zacks Research cut shares of Enerflex from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada lifted their price objective on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th.

Read Our Latest Report on EFXT

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enerflex during the second quarter worth about $330,515,000. Bank of America Corp DE bought a new stake in shares of Enerflex during the 2nd quarter worth $30,569,000. Cibc World Market Inc. purchased a new position in shares of Enerflex in the second quarter worth approximately $15,851,000. TD Asset Management Inc boosted its stake in Enerflex by 31.8% in the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after purchasing an additional 518,639 shares during the period. Finally, Fiera Capital Corp boosted its stake in Enerflex by 2,060.8% in the 4th quarter. Fiera Capital Corp now owns 536,529 shares of the company’s stock worth $8,274,000 after purchasing an additional 511,699 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Trading Up 1.8%

NYSE EFXT opened at $22.77 on Friday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 52.96 and a beta of 1.84. Enerflex has a 52-week low of $10.46 and a 52-week high of $29.15. The firm has a 50-day moving average price of $21.94 and a 200 day moving average price of $23.23. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49.

Enerflex (NYSE:EFXTGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The business had revenue of $582.00 million during 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%. Equities research analysts expect that Enerflex will post 1.34 EPS for the current year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a dividend of $0.0425 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 (DPR) is 27.91%.

About Enerflex

(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.

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Analyst Recommendations for Enerflex (NYSE:EFXT)

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