Enerflex Ltd. (NYSE:EFXT) Given Consensus Rating of “Moderate Buy” by Analysts

Enerflex Ltd. (NYSE:EFXT) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.50.

A number of brokerages recently issued reports on EFXT. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $28.00 price objective on shares of Enerflex in a research report on Friday, May 8th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Finally, TD Securities reissued a “buy” rating on shares of Enerflex in a research report on Friday, May 8th.

Hedge Funds Weigh In On Enerflex

A number of hedge funds and other institutional investors have recently bought and sold shares of EFXT. Millennium Management LLC boosted its holdings in Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after acquiring an additional 880,358 shares during the period. NewEdge Advisors LLC boosted its holdings in Enerflex by 984.3% during the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after acquiring an additional 20,689 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after acquiring an additional 752,893 shares during the period. Geode Capital Management LLC boosted its holdings in Enerflex by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock valued at $665,000 after acquiring an additional 18,434 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Enerflex by 8.3% during the 2nd quarter. Legal & General Group Plc now owns 155,243 shares of the company’s stock valued at $1,223,000 after acquiring an additional 11,920 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Stock Up 0.5%

Shares of EFXT opened at $27.82 on Friday. Enerflex has a 52-week low of $6.74 and a 52-week high of $29.15. The company has a market capitalization of $3.40 billion, a PE ratio of 41.52 and a beta of 1.93. The stock has a fifty day simple moving average of $23.14 and a two-hundred day simple moving average of $18.48. 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 data on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. As a group, equities analysts forecast that Enerflex will post 1.68 EPS for the current year.

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is presently 17.91%.

Enerflex Company Profile

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.