Enerflex (NYSE:EFXT) Downgraded by Zacks Research to Strong Sell

Enerflex (NYSE:EFXT) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce set a $27.50 price target on shares of Enerflex in a research note on Monday. TD Securities reiterated a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Wall Street Zen lowered shares of Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.17.

Enerflex Price Performance

Shares of Enerflex stock opened at $20.81 on Monday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 48.40 and a beta of 1.86. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. The stock has a 50 day moving average price of $23.47 and a 200-day moving average price of $22.70. Enerflex has a one year low of $9.11 and a one year high of $29.15.

Enerflex (NYSE:EFXT) last released its quarterly earnings results 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). The company had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Equities analysts expect that Enerflex will post 1.34 EPS for the current year.

Hedge Funds Weigh In On Enerflex

A number of institutional investors have recently modified their holdings of EFXT. Caldwell Investment Management Ltd. purchased a new stake in shares of Enerflex in the second quarter valued at approximately $10,074,000. Virtus Advisers LLC purchased a new position in Enerflex during the 2nd quarter worth $693,000. Tacita Capital Inc purchased a new position in Enerflex during the 2nd quarter worth $1,204,000. K.J. Harrison & Partners Inc bought a new stake in Enerflex during the 2nd quarter valued at $1,175,000. Finally, BlackRock Inc. purchased a new stake in shares of Enerflex in the 2nd quarter worth $628,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

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.