Enerflex (NYSE:EFXT) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Enerflex (NYSE:EFXT) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities analysts have also issued reports on the company. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings cut Enerflex from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Enerflex currently has an average rating of “Moderate Buy” and a consensus price target of $35.17.

Enerflex Stock Up 2.6%

Shares of NYSE:EFXT opened at $20.47 on Friday. The stock has a market cap of $2.50 billion, a P/E ratio of 47.60 and a beta of 1.86. The firm has a fifty day moving average price of $23.58 and a 200 day moving average price of $22.68. 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 1-year low of $9.03 and a 1-year high of $29.15.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The business had revenue of $582.00 million during the quarter, compared to analyst estimates of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Sell-side analysts predict that Enerflex will post 1.59 EPS for the current year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex’s dividend payout ratio (DPR) is 30.23%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in Enerflex in the second quarter valued at about $30,000. Smartleaf Asset Management LLC purchased a new stake in Enerflex in the 4th quarter valued at approximately $31,000. Plato Investment Management Ltd increased its position in Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after purchasing an additional 3,730 shares during the period. SG Americas Securities LLC acquired a new position in Enerflex during the 4th quarter worth approximately $119,000. Finally, Shelton Capital Management acquired a new position in Enerflex during the 3rd quarter worth approximately $136,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

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.