Enerflex (NYSE:EFXT) Stock Price Target Lowered at Royal Bank Of Canada

Enerflex (NYSE:EFXT) had its price objective lowered by Royal Bank Of Canada from $35.00 to $33.00 in a research note released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Canadian Imperial Bank of Commerce set a $35.00 target price on shares of Enerflex and gave the stock an “outperform” rating in a report on Tuesday, October 13th. Weiss Ratings raised shares of Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen downgraded shares of Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, October 16th. Finally, Zacks Research downgraded Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Enerflex Trading Down 2.7%

EFXT stock opened at $23.64 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. The company has a fifty day moving average price of $23.02 and a two-hundred day moving average price of $22.55. Enerflex has a one year low of $12.46 and a one year high of $29.15. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 40.76 and a beta of 1.80.

Enerflex (NYSE:EFXT) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.33 by $0.12. The firm had revenue of $623.00 million for the quarter, compared to the consensus estimate of $632.70 million. Enerflex had a net margin of 2.94% and a return on equity of 13.40%. Equities analysts anticipate that Enerflex will post 1.32 EPS for the current year.

Enerflex Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be given a C$0.04 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This is a drop from Enerflex’s previous quarterly dividend of C$0.04. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.6%. Enerflex’s dividend payout ratio (DPR) is presently 20.69%.

Hedge Funds Weigh In On Enerflex

Hedge funds have recently bought and sold shares of the business. Montrusco Bolton Investments Inc. grew its position in shares of Enerflex by 694.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 211,736 shares of the company’s stock worth $4,829,000 after purchasing an additional 185,086 shares in the last quarter. Wellington Altus USA Inc. bought a new position in shares of Enerflex during the second quarter worth approximately $185,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Enerflex in the second quarter valued at approximately $79,000. TD Waterhouse Canada Inc. boosted its stake in shares of Enerflex by 74.7% in the second quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock valued at $13,170,000 after buying an additional 238,574 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in Enerflex during the second quarter worth approximately $8,500,000. 46.47% of the stock is owned by institutional investors.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.