Enerflex (NYSE:EFXT) Cut to Buy at Wall Street Zen

Enerflex (NYSE:EFXT) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Enerflex in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Raymond James Financial cut Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday. Finally, Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Enerflex currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.63.

Enerflex Price Performance

Shares of NYSE EFXT opened at $17.84 on Friday. The firm has a 50-day simple moving average of $15.89 and a 200-day simple moving average of $12.64. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 16.21 and a beta of 1.95. Enerflex has a 52 week low of $6.18 and a 52 week high of $19.65.

Enerflex (NYSE:EFXT) last released its quarterly earnings data 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 return on equity of 12.35% and a net margin of 5.43%. On average, equities analysts predict that Enerflex will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of Enerflex

A number of hedge funds and other institutional investors have recently made changes to their positions in EFXT. Plato Investment Management Ltd increased its holdings in shares of 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 in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Enerflex during the fourth quarter worth $119,000. D Orazio & Associates Inc. purchased a new stake in shares of Enerflex during the second quarter valued at $80,000. Vise Technologies Inc. acquired a new position in shares of Enerflex in the 2nd quarter valued at $85,000. Finally, Shelton Capital Management purchased a new position in Enerflex in the 3rd quarter worth about $136,000. 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.