Brokerages Set Enerflex Ltd. (NYSE:EFXT) Target Price at $13.13

Enerflex Ltd. (NYSE:EFXT) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.1250.

A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Raymond James Financial restated an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th.

Enerflex Trading Up 1.3%

NYSE:EFXT opened at $13.97 on Friday. The company’s 50 day moving average is $12.20 and its 200-day moving average is $9.77. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. Enerflex has a 12 month low of $6.18 and a 12 month high of $14.18. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 12.70 and a beta of 2.03.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). Enerflex had a return on equity of 12.35% and a net margin of 5.43%.The firm had revenue of $777.00 million for the quarter, compared to the consensus estimate of $682.88 million. Equities analysts anticipate that Enerflex will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s payout ratio is presently 10.91%.

Hedge Funds Weigh In On Enerflex

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. bought a new stake in shares of Enerflex during the first quarter valued at approximately $348,000. Allianz Asset Management GmbH bought a new position in shares of Enerflex during the 2nd quarter worth about $1,718,000. Public Employees Retirement System of Ohio boosted its position in shares of Enerflex by 43.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock valued at $1,303,000 after acquiring an additional 50,193 shares in the last quarter. Acadian Asset Management LLC increased its stake in Enerflex by 29.0% in the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after acquiring an additional 466,535 shares during the period. Finally, American Century Companies Inc. lifted its stake in Enerflex by 131.8% during the first quarter. American Century Companies Inc. now owns 126,293 shares of the company’s stock worth $976,000 after purchasing an additional 71,815 shares during the period. 46.47% of the stock is currently owned by institutional investors.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.