Enerflex Ltd. (NYSE:EFXT) Receives $25.75 Average Price Target from Analysts

Shares of Enerflex Ltd. (NYSE:EFXT) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $25.75.

Several analysts have recently issued reports on EFXT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Canadian Imperial Bank of Commerce raised their target price on shares of Enerflex from $16.75 to $25.50 and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th.

Enerflex Price Performance

Enerflex stock opened at $24.91 on Tuesday. The firm has a market cap of $3.04 billion, a PE ratio of 48.84 and a beta of 1.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.81. The stock’s fifty day moving average price is $21.38 and its two-hundred day moving average price is $16.92. Enerflex has a one year low of $6.42 and a one year high of $25.15.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex’s dividend payout ratio (DPR) is 23.53%.

Institutional Investors Weigh In On Enerflex

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFXT. Intact Investment Management Inc. acquired a new stake in Enerflex in the third quarter valued at about $5,053,000. Cibc World Market Inc. raised its stake in Enerflex by 267.3% during the third quarter. Cibc World Market Inc. now owns 498,718 shares of the company’s stock worth $5,378,000 after acquiring an additional 362,939 shares in the last quarter. Caprock Group LLC bought a new position in shares of Enerflex in the third quarter worth about $271,000. Hillsdale Investment Management Inc. boosted its stake in shares of Enerflex by 435.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock valued at $50,695,000 after purchasing an additional 3,824,093 shares in the last quarter. Finally, Aristides Capital LLC acquired a new stake in shares of Enerflex in the 3rd quarter valued at approximately $308,000. 46.47% of the stock is currently owned by institutional investors.

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.