Enerflex (NYSE:EFXT) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Enerflex (NYSE:EFXT) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Raymond James Financial increased their price objective on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $28.00 price target on shares of Enerflex in a report on Friday, May 8th. TD Securities restated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Enerflex currently has an average rating of “Moderate Buy” and an average target price of $35.33.

Enerflex Stock Up 1.9%

Shares of NYSE:EFXT opened at $23.06 on Monday. The company has a market capitalization of $2.82 billion, a P/E ratio of 34.42 and a beta of 1.83. The stock’s fifty day simple moving average is $25.56 and its 200-day simple moving average is $21.45. Enerflex has a 52-week low of $7.59 and a 52-week high of $29.15. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. As a group, equities research analysts forecast that Enerflex will post 1.66 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s payout ratio is presently 19.40%.

Institutional Investors Weigh In On Enerflex

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC bought a new stake in shares of Enerflex during the 4th quarter worth about $31,000. Plato Investment Management Ltd lifted its holdings in Enerflex by 399.4% in 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 last quarter. SG Americas Securities LLC bought a new position in shares of Enerflex during the 4th quarter valued at about $119,000. Shelton Capital Management acquired a new position in shares of Enerflex in the 3rd quarter worth approximately $136,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Enerflex in the third quarter worth approximately $138,000. Institutional investors and hedge funds 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.