Enerflex (NYSE:EFXT) Price Target Raised to $31.00

Enerflex (NYSE:EFXT) had its price objective raised by Royal Bank Of Canada from $26.00 to $31.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on EFXT. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Raymond James Financial cut shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Enerflex from $16.75 to $25.50 and gave the stock a “neutral” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Enerflex currently has a consensus rating of “Moderate Buy” and an average price target of $29.50.

Enerflex Price Performance

Shares of EFXT opened at $27.16 on Friday. The stock has a market cap of $3.31 billion, a PE ratio of 40.53 and a beta of 1.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20. Enerflex has a fifty-two week low of $6.74 and a fifty-two week high of $29.15. The firm’s 50-day simple moving average is $22.54 and its two-hundred day simple moving average is $17.87.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $584.00 million for the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. Analysts anticipate that Enerflex will post 1.5 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 17.91%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new position in shares of Enerflex in the fourth quarter worth approximately $31,000. Plato Investment Management Ltd lifted its stake in Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after acquiring an additional 3,730 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Enerflex during the 4th quarter valued at about $119,000. D Orazio & Associates Inc. boosted its holdings in shares of Enerflex by 14.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Shelton Capital Management bought a new stake in shares of Enerflex in the third quarter worth approximately $136,000. Institutional investors own 46.47% of the company’s stock.

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.