Enerflex (NYSE:EFXT) Stock Moved Up to “Sector Outperform” by Canadian Imperial Bank of Commerce

Enerflex (NYSE:EFXT) was upgraded by stock analysts at Canadian Imperial Bank of Commerce from a “neutral” rating to a “sector outperform” rating in a note issued to investors on Tuesday, Briefing.com reports.

Several other research analysts have also issued reports on EFXT. Wall Street Zen lowered shares of Enerflex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Acumen Capital raised Enerflex to a “strong-buy” rating in a research note on Friday, October 2nd. Zacks Research downgraded Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.67.

Enerflex Trading Up 12.8%

Shares of EFXT stock traded up $3.09 on Tuesday, reaching $27.17. 423,497 shares of the stock were exchanged, compared to its average volume of 593,626. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. Enerflex has a one year low of $10.57 and a one year high of $29.15. The stock has a market cap of $3.32 billion, a PE ratio of 63.08 and a beta of 1.80. The stock has a 50 day moving average price of $22.15 and a 200 day moving average price of $23.47.

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

Hedge Funds Weigh In On Enerflex

Several institutional investors have recently modified their holdings of the business. Wellington Altus USA Inc. acquired a new position in shares of Enerflex in the 2nd quarter valued at approximately $185,000. Integrated Wealth Concepts LLC acquired a new stake in Enerflex during the 2nd quarter worth approximately $79,000. TD Waterhouse Canada Inc. raised its holdings in Enerflex by 74.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock worth $13,170,000 after buying an additional 238,574 shares during the period. Hennessy Advisors Inc. acquired a new stake in Enerflex during the 2nd quarter worth approximately $8,500,000. Finally, Public Employees Retirement System of Ohio bought a new position in Enerflex in the second quarter valued at approximately $4,219,000. Institutional investors own 46.47% of the company’s stock.

About Enerflex

Enerflex Ltd. (NYSE: EFXT) is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.