Enerflex Ltd. (NYSE:EFXT) Stock Has Average Price Target of $36.67 According to Brokerages

Enerflex Ltd. (NYSE:EFXT) has earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $38.67.

Several research analysts have recently weighed in on the company. Acumen Capital upgraded Enerflex to a “strong-buy” rating in a report on Friday, October 2nd. Zacks Research lowered Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Weiss Ratings raised Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada lifted their price objective on Enerflex from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday.

Institutional Trading of Enerflex

Hedge funds and other institutional investors have recently modified their holdings of the stock. Montrusco Bolton Investments Inc. grew its holdings in shares of Enerflex by 694.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 211,736 shares of the company’s stock valued at $4,829,000 after purchasing an additional 185,086 shares during the period. Wellington Altus USA Inc. purchased a new position in Enerflex during the second quarter worth about $185,000. Integrated Wealth Concepts LLC purchased a new position in Enerflex during the second quarter worth about $79,000. TD Waterhouse Canada Inc. boosted its holdings in Enerflex by 74.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock valued at $13,170,000 after purchasing an additional 238,574 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Enerflex in the 2nd quarter valued at about $8,500,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Price Performance

Shares of NYSE EFXT opened at $24.52 on Tuesday. The firm has a 50-day simple moving average of $22.41 and a 200-day simple moving average of $23.56. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 23.43 and a beta of 1.80. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. Enerflex has a 52 week low of $10.57 and a 52 week high of $29.15.

Enerflex (NYSE:EFXT) last posted 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). 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 analysts’ expectations of $606.78 million. On average, equities analysts predict that Enerflex will post 1.32 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a C$0.04 dividend. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, August 19th. Enerflex’s dividend payout ratio is presently 27.91%.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.