Analysts Set Enerflex Ltd. (NYSE:EFXT) Target Price at $14.63

Enerflex Ltd. (NYSE:EFXT) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $14.6250.

A number of brokerages recently weighed in on EFXT. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Raymond James Financial cut shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Enerflex in a research note on Thursday, January 15th. Finally, Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th.

Enerflex Trading Up 0.0%

Shares of EFXT stock opened at $21.55 on Friday. Enerflex has a 1 year low of $6.18 and a 1 year high of $23.82. The firm has a market capitalization of $2.62 billion, a PE ratio of 42.26 and a beta of 1.84. The stock has a fifty day moving average of $19.74 and a two-hundred day moving average of $15.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex’s payout ratio is currently 23.53%.

Institutional Trading of Enerflex

Several institutional investors have recently modified their holdings of EFXT. Neuberger Berman Group LLC increased its stake in Enerflex by 0.8% in the 4th quarter. Neuberger Berman Group LLC now owns 118,504 shares of the company’s stock worth $1,829,000 after purchasing an additional 883 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Enerflex by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock worth $521,000 after buying an additional 1,033 shares during the period. Russell Investments Group Ltd. lifted its stake in Enerflex by 0.7% during the third quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock valued at $1,696,000 after buying an additional 1,035 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of Enerflex by 9.6% in the fourth quarter. D Orazio & Associates Inc. now owns 12,690 shares of the company’s stock worth $196,000 after buying an additional 1,110 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Enerflex by 8.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 19,433 shares of the company’s stock worth $299,000 after buying an additional 1,512 shares during the period. Institutional investors and hedge funds 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.