Enerflex Ltd. (NYSE:EFXT) Receives Average Rating of “Moderate Buy” from Brokerages

Enerflex Ltd. (NYSE:EFXT) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $36.00.

Several equities research analysts have issued reports on EFXT shares. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $30.00 price objective on shares of Enerflex in a research note on Friday, July 10th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Raymond James Financial lifted their target price on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, May 28th.

Institutional Trading of Enerflex

A number of hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its position in Enerflex by 240.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 466,627 shares of the company’s stock worth $9,763,000 after purchasing an additional 329,469 shares during the period. Public Employees Retirement System of Ohio boosted its position in Enerflex by 21.0% during the first quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock valued at $8,506,000 after buying an additional 70,818 shares during the period. Versor Investments LP bought a new position in shares of Enerflex during the fourth quarter valued at about $429,000. Caldwell Investment Management Ltd. bought a new position in shares of Enerflex during the fourth quarter valued at about $6,438,000. Finally, Triasima Portfolio Management inc. purchased a new position in shares of Enerflex in the fourth quarter worth about $2,134,000. 46.47% of the stock is owned by institutional investors.

Enerflex Stock Performance

Shares of EFXT stock opened at $21.95 on Thursday. Enerflex has a 52 week low of $8.04 and a 52 week high of $29.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20. The firm’s 50-day simple moving average is $23.86 and its two-hundred day simple moving average is $22.59. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 32.76 and a beta of 1.86.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. The firm had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. As a group, equities analysts forecast that Enerflex will post 1.63 earnings per share for the current year.

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.