Enerflex Ltd. (NYSE:EFXT) Receives $14.63 Average PT from Analysts

Enerflex Ltd. (NYSE:EFXT) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.6250.

A number of analysts recently commented on the company. Zacks Research lowered Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Raymond James Financial lowered Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a report on Thursday, January 15th.

Enerflex Price Performance

Enerflex stock opened at $22.63 on Monday. Enerflex has a 52 week low of $6.18 and a 52 week high of $23.82. The company’s 50 day moving average price is $17.72 and its two-hundred day moving average price is $14.12. The stock has a market cap of $2.76 billion, a P/E ratio of 44.37 and a beta of 1.84. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.58.

Enerflex Announces Dividend

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

Hedge Funds Weigh In On Enerflex

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in Enerflex by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock worth $76,327,000 after buying an additional 186,649 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Enerflex by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock worth $521,000 after acquiring an additional 1,033 shares during the last quarter. Toronto Dominion Bank raised its stake in Enerflex by 186.2% in the 4th quarter. Toronto Dominion Bank now owns 309,734 shares of the company’s stock valued at $4,775,000 after acquiring an additional 201,523 shares during the period. Numerai GP LLC bought a new stake in Enerflex in the 4th quarter valued at about $252,000. Finally, Man Group plc lifted its holdings in Enerflex by 29.7% during the fourth quarter. Man Group plc now owns 1,104,235 shares of the company’s stock valued at $17,046,000 after purchasing an additional 252,958 shares during the last quarter. 46.47% of the stock is 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.