Enerflex Ltd. (NYSE:EFXT) Receives $13.13 Average Price Target from Analysts

Enerflex Ltd. (NYSE:EFXT) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.1250.

Several research analysts have commented on the stock. Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada boosted their target price on shares of Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen raised shares of Enerflex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th.

Enerflex Trading Down 0.1%

NYSE EFXT opened at $14.98 on Wednesday. The stock has a market cap of $1.82 billion, a P/E ratio of 13.62 and a beta of 1.99. The company’s fifty day simple moving average is $13.34 and its 200-day simple moving average is $10.63. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. Enerflex has a 52 week low of $6.18 and a 52 week high of $16.01.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Enerflex had a return on equity of 12.35% and a net margin of 5.43%.The firm had revenue of $777.00 million during the quarter, compared to analyst estimates of $682.88 million. Equities research analysts predict that Enerflex will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.0425 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.17 annualized dividend and a dividend yield of 1.1%. This is an increase from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s payout ratio is currently 10.91%.

Hedge Funds Weigh In On Enerflex

Institutional investors and hedge funds have recently bought and sold shares of the stock. D Orazio & Associates Inc. acquired a new stake in shares of Enerflex during the second quarter worth approximately $80,000. Vise Technologies Inc. acquired a new stake in shares of Enerflex during the 2nd quarter worth approximately $85,000. Shelton Capital Management bought a new stake in shares of Enerflex during the 3rd quarter valued at $136,000. Schonfeld Strategic Advisors LLC bought a new stake in Enerflex in the third quarter valued at about $138,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of Enerflex in the 3rd quarter valued at approximately $147,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

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.