Enerflex Ltd. (NYSE:EFXT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Enerflex Ltd. (NYSE:EFXT) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.75.

Several research firms have recently weighed in on EFXT. Raymond James Financial lowered Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada lifted their price objective on Enerflex from $20.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Enerflex from $16.75 to $25.50 and gave the stock a “neutral” rating in a research report on Thursday.

Enerflex Stock Performance

EFXT stock opened at $23.48 on Tuesday. The stock has a 50-day moving average price of $21.02 and a 200-day moving average price of $16.73. Enerflex has a 1-year low of $6.36 and a 1-year high of $24.08. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.86 billion, a PE ratio of 46.03 and a beta of 1.83.

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a $0.0425 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is 23.53%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EFXT. Smartleaf Asset Management LLC bought a new position in shares of Enerflex in the 4th quarter worth about $31,000. Plato Investment Management Ltd grew its stake in shares of 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 buying an additional 3,730 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Enerflex in the 4th quarter valued at about $119,000. D Orazio & Associates Inc. grew its stake in shares of Enerflex by 14.8% in the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after buying an additional 1,497 shares during the period. Finally, Shelton Capital Management acquired a new stake in shares of Enerflex in the 3rd quarter valued at about $136,000. 46.47% of the stock is owned by institutional investors.

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.