Analysts Set Enerflex Ltd. (NYSE:EFXT) PT at $35.17

Shares of Enerflex Ltd. (NYSE:EFXT) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are 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 price target among brokerages that have issued a report on the stock in the last year is $35.1667.

A number of equities analysts have issued reports on the company. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research lowered shares of Enerflex from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Raymond James Financial boosted their target price on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce set a $27.50 target price on shares of Enerflex in a research note on Monday, August 10th. Finally, Weiss Ratings cut shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 20th.

Institutional Trading of Enerflex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFXT. TD Waterhouse Canada Inc. raised its stake 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. bought a new position in Enerflex in the second quarter worth approximately $8,500,000. Public Employees Retirement System of Ohio acquired a new stake in Enerflex in the second quarter valued at approximately $4,219,000. Bank of America Corp DE bought a new stake in shares of Enerflex during the second quarter valued at approximately $30,569,000. Finally, Man Group plc bought a new stake in shares of Enerflex during the second quarter valued at approximately $3,526,000. 46.47% of the stock is owned by institutional investors.

Enerflex Stock Performance

Shares of EFXT opened at $20.01 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $22.53 and its two-hundred day simple moving average is $22.99. Enerflex has a 12 month low of $9.81 and a 12 month high of $29.15. The stock has a market capitalization of $2.44 billion, a P/E ratio of 46.53 and a beta of 1.86.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data 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 business had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. As a group, analysts predict that Enerflex will post 1.34 EPS for the current year.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Enerflex’s dividend payout ratio is 27.91%.

About Enerflex

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.