Enerflex (NYSE:EFXT) Cut to Hold at Zacks Research

Zacks Research cut shares of Enerflex (NYSE:EFXT) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on EFXT. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Raymond James Financial restated an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Royal Bank Of Canada lifted their price target on Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.13.

Enerflex Price Performance

Shares of Enerflex stock opened at $13.53 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 12.30 and a beta of 2.03. Enerflex has a 1-year low of $6.18 and a 1-year high of $13.74. The firm’s 50-day moving average price is $11.48 and its two-hundred day moving average price is $9.23.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $777.00 million during the quarter, compared to the consensus estimate of $682.88 million. Enerflex had a net margin of 5.43% and a return on equity of 12.35%. On average, equities analysts predict that Enerflex will post 0.25 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Monday, November 17th. This is a boost from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a yield of 1.3%. Enerflex’s payout ratio is 10.00%.

Hedge Funds Weigh In On Enerflex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. acquired a new position in shares of Enerflex in the first quarter valued at approximately $348,000. Allianz Asset Management GmbH bought a new stake in Enerflex in the 2nd quarter valued at $1,718,000. Public Employees Retirement System of Ohio boosted its stake in Enerflex by 43.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock worth $1,303,000 after purchasing an additional 50,193 shares during the period. American Century Companies Inc. boosted its stake in Enerflex by 131.8% in the 1st quarter. American Century Companies Inc. now owns 126,293 shares of the company’s stock worth $976,000 after purchasing an additional 71,815 shares during the period. Finally, Aigen Investment Management LP bought a new position in Enerflex during the 1st quarter worth about $678,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

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.