Wall Street Zen upgraded shares of Enerflex (NYSE:EFXT – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.
Several other research firms have also recently weighed in on EFXT. Zacks Research cut shares of Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce set a $35.00 target price on shares of Enerflex and gave the company an “outperform” rating in a research note on Tuesday, October 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research report on Friday, October 16th. Royal Bank Of Canada cut their price target on Enerflex from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Friday. Finally, Weiss Ratings raised Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.
Read Our Latest Stock Analysis on Enerflex
Enerflex Stock Down 6.0%
Shares of NYSE:EFXT opened at $22.22 on Friday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 22.73 and a beta of 1.80. Enerflex has a 12-month low of $12.54 and a 12-month high of $29.15. The stock’s 50-day moving average price is $23.06 and its 200-day moving average price is $22.58. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.
Enerflex (NYSE:EFXT – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $623.00 million during the quarter, compared to analyst estimates of $632.70 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. On average, equities analysts anticipate that Enerflex will post 1.42 earnings per share for the current year.
Enerflex Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be paid a C$0.04 dividend. The ex-dividend date is Thursday, November 12th. This is a decrease from Enerflex’s previous quarterly dividend of C$0.04. This represents a $0.14 annualized dividend and a dividend yield of 0.6%. Enerflex’s payout ratio is 20.69%.
Institutional Trading of Enerflex
Several hedge funds have recently modified their holdings of EFXT. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enerflex during the 2nd quarter valued at $330,515,000. Bank of America Corp DE acquired a new stake in Enerflex during the second quarter valued at approximately $30,569,000. Dimensional Fund Advisors LP lifted its position in shares of Enerflex by 33.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company’s stock worth $25,268,000 after buying an additional 303,398 shares during the last quarter. Cibc World Market Inc. acquired a new stake in Enerflex in the second quarter worth $15,851,000. Finally, TD Waterhouse Canada Inc. grew its position in Enerflex by 74.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock worth $13,170,000 after purchasing an additional 238,574 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.
Enerflex Company Profile
Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.
The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.
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