Enerflex Ltd. (NYSE:EFXT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Enerflex Ltd. (NYSE:EFXT) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $35.1667.

Several analysts have commented on EFXT shares. Raymond James Financial boosted their target price on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Royal Bank Of Canada raised their target price on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Wall Street Zen downgraded Enerflex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th.

Institutional Investors Weigh In On Enerflex

Hedge funds have recently modified their holdings of the business. Baron Wealth Management LLC raised its position in shares of Enerflex by 2.5% during the second quarter. Baron Wealth Management LLC now owns 30,530 shares of the company’s stock worth $748,000 after acquiring an additional 751 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Enerflex by 4.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 24,089 shares of the company’s stock worth $502,000 after acquiring an additional 1,017 shares during the period. Financial Management Professionals Inc. acquired a new stake in Enerflex during the 2nd quarter worth $30,000. State of Wyoming raised its position in shares of Enerflex by 11.4% during the 4th quarter. State of Wyoming now owns 22,679 shares of the company’s stock valued at $350,000 after acquiring an additional 2,319 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its position in shares of Enerflex by 12.0% during the 1st quarter. Kathmere Capital Management LLC now owns 22,587 shares of the company’s stock valued at $473,000 after acquiring an additional 2,422 shares during the last quarter. 46.47% of the stock is owned by institutional investors.

Enerflex Trading Up 1.8%

Shares of NYSE:EFXT opened at $22.77 on Friday. The firm has a fifty day moving average of $21.94 and a two-hundred day moving average of $23.23. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. Enerflex has a 12-month low of $10.46 and a 12-month high of $29.15. The firm has a market capitalization of $2.78 billion, a P/E ratio of 52.96 and a beta of 1.84.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). Enerflex had a return on equity of 11.76% and a net margin of 2.06%.The firm had revenue of $582.00 million during the quarter, compared to analyst estimates of $606.78 million. On average, equities analysts expect that Enerflex will post 1.34 EPS for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 19th. Enerflex’s payout ratio is currently 27.91%.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is an energy infrastructure company that designs, engineers, manufactures, and operates equipment and facilities used in the processing, compression, and treatment of natural gas. Its solutions support the development, transportation, and utilization of natural gas and other hydrocarbons across upstream, midstream, and downstream applications.

The company provides natural gas compression, gas processing and treating, refrigeration, power generation, and related equipment and services.