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

Shares of Enerflex Ltd. (NYSE:EFXT) have been assigned an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.1250.

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Wall Street Zen upgraded Enerflex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Royal Bank Of Canada lifted their target price on Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Enerflex during the fourth quarter valued at approximately $119,000. NewEdge Advisors LLC raised its stake in shares of Enerflex by 41.0% in the 3rd quarter. NewEdge Advisors LLC now owns 32,711 shares of the company’s stock worth $353,000 after buying an additional 9,506 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Enerflex in the third quarter valued at $732,000. Susquehanna International Group LLP boosted its stake in Enerflex by 50.1% during the third quarter. Susquehanna International Group LLP now owns 23,073 shares of the company’s stock valued at $249,000 after buying an additional 7,697 shares in the last quarter. Finally, Shelton Capital Management acquired a new position in Enerflex during the third quarter worth about $136,000. 46.47% of the stock is currently owned by institutional investors.

Enerflex Price Performance

Shares of EFXT opened at $14.99 on Friday. Enerflex has a 12 month low of $6.18 and a 12 month high of $16.42. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. The stock has a fifty day moving average price of $14.41 and a 200 day moving average price of $11.40. The company has a market cap of $1.83 billion, a P/E ratio of 13.63 and a beta of 1.96.

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

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio is 10.91%.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.