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

Shares of Enerflex Ltd. (NYSE:EFXT) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.3333.

A number of research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $28.00 price objective on shares of Enerflex in a research report on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Raymond James Financial lifted their price objective on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EFXT. Hillsdale Investment Management Inc. lifted its holdings in Enerflex by 435.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after purchasing an additional 3,824,093 shares in the last quarter. Millennium Management LLC lifted its holdings in Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after purchasing an additional 880,358 shares in the last quarter. Man Group plc increased its stake in Enerflex by 433.7% in the 2nd quarter. Man Group plc now owns 1,069,556 shares of the company’s stock worth $8,426,000 after acquiring an additional 869,156 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after acquiring an additional 752,893 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in Enerflex by 31.8% in the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after acquiring an additional 518,639 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Trading Down 1.6%

Enerflex stock opened at $23.68 on Wednesday. The business has a 50-day simple moving average of $25.14 and a two-hundred day simple moving average of $20.47. The company has a market cap of $2.89 billion, a P/E ratio of 35.34 and a beta of 1.83. Enerflex has a 52-week low of $7.54 and a 52-week high of $29.15. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share 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 firm had revenue of $584.00 million for the quarter, compared to analysts’ expectations of $607.26 million. Analysts predict that Enerflex will post 1.66 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a $0.0425 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. Enerflex’s payout ratio is currently 19.40%.

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.