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

Shares of Enerflex Ltd. (NYSE:EFXT) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $29.50.

Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Raymond James Financial cut Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. TD Securities reiterated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday.

Hedge Funds Weigh In On Enerflex

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Intact Investment Management Inc. acquired a new stake in shares of Enerflex during the 3rd quarter worth about $5,053,000. Cibc World Market Inc. raised its position in shares of Enerflex by 267.3% during the 3rd quarter. Cibc World Market Inc. now owns 498,718 shares of the company’s stock worth $5,378,000 after acquiring an additional 362,939 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Enerflex during the 3rd quarter worth about $271,000. Hillsdale Investment Management Inc. raised its position in shares of Enerflex by 435.9% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after acquiring an additional 3,824,093 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Enerflex by 160.4% during the 3rd quarter. Quantbot Technologies LP now owns 53,917 shares of the company’s stock worth $581,000 after acquiring an additional 33,212 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

Shares of Enerflex stock opened at $27.82 on Friday. The business has a 50-day moving average of $23.14 and a 200 day moving average of $18.48. Enerflex has a 12 month low of $6.74 and a 12 month high of $29.15. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 41.52 and a beta of 1.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89.

Enerflex (NYSE:EFXT) last announced its earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Enerflex had a return on equity of 14.53% and a net margin of 3.19%.The company had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. As a group, sell-side analysts forecast that Enerflex will post 1.68 earnings per share for the current year.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is presently 17.91%.

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.