Enerflex (NYSE:EFXT) Upgraded at Zacks Research

Zacks Research upgraded shares of Enerflex (NYSE:EFXT) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Several other research firms also recently issued reports on EFXT. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of Enerflex in a research report on Thursday, January 15th. Wall Street Zen lowered shares of Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.63.

Enerflex Price Performance

Shares of EFXT opened at $21.05 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.56 billion, a PE ratio of 41.27 and a beta of 1.84. Enerflex has a 12-month low of $6.18 and a 12-month high of $23.82. The business has a 50-day simple moving average of $18.48 and a two-hundred day simple moving average of $14.59.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be issued a $0.0425 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.17 annualized dividend and a yield of 0.8%. Enerflex’s dividend payout ratio is presently 23.53%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after purchasing an additional 880,358 shares during the period. NewEdge Advisors LLC increased its position in shares of Enerflex by 984.3% during the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock worth $176,000 after buying an additional 20,689 shares during the period. Goldman Sachs Group Inc. raised its stake in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after buying an additional 752,893 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Enerflex by 26.7% in the second quarter. Envestnet Asset Management Inc. now owns 141,524 shares of the company’s stock valued at $1,117,000 after buying an additional 29,821 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Enerflex in the second quarter valued at $745,000. Institutional investors own 46.47% of the company’s stock.

About Enerflex

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.