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

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

Several other brokerages have also recently weighed in on EFXT. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Enerflex in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Finally, Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.63.

Enerflex Stock Performance

Shares of Enerflex stock opened at $18.55 on Monday. 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 firm has a market cap of $2.26 billion, a price-to-earnings ratio of 16.87 and a beta of 1.95. The stock’s 50-day moving average is $16.16 and its 200-day moving average is $12.89. Enerflex has a one year low of $6.18 and a one year high of $19.65.

Institutional Investors Weigh In On Enerflex

Hedge funds and other institutional investors have recently bought and sold shares of the company. Plato Investment Management Ltd lifted its holdings in Enerflex by 399.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after buying an additional 3,730 shares during the period. SG Americas Securities LLC bought a new position in shares of Enerflex in the 4th quarter worth about $119,000. D Orazio & Associates Inc. acquired a new position in shares of Enerflex in the 2nd quarter valued at about $80,000. Vise Technologies Inc. bought a new stake in shares of Enerflex during the 2nd quarter valued at about $85,000. Finally, Shelton Capital Management acquired a new stake in Enerflex during the third quarter worth approximately $136,000. Institutional investors own 46.47% of the company’s stock.

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.