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

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

EFXT has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Royal Bank Of Canada upped their target price on shares of Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Finally, Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.13.

Enerflex Stock Down 1.7%

Shares of EFXT stock traded down $0.24 on Monday, hitting $13.39. The company’s stock had a trading volume of 116,918 shares, compared to its average volume of 412,688. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 12.16 and a beta of 2.03. The firm’s fifty day moving average price is $11.41 and its 200-day moving average price is $9.20. Enerflex has a fifty-two week low of $6.18 and a fifty-two week high of $13.74.

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

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a $0.0425 dividend. The ex-dividend date of this dividend is Monday, November 17th. This is a boost from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.3%. Enerflex’s dividend payout ratio (DPR) is presently 10.00%.

Institutional Investors Weigh In On Enerflex

A number of large investors have recently added to or reduced their stakes in EFXT. D Orazio & Associates Inc. acquired a new position in Enerflex in the second quarter valued at about $80,000. Vise Technologies Inc. bought a new stake in shares of Enerflex during the second quarter worth $85,000. Kathmere Capital Management LLC acquired a new position in shares of Enerflex during the third quarter worth $152,000. Baron Wealth Management LLC lifted its stake in shares of Enerflex by 31.7% in the 2nd quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock valued at $120,000 after acquiring an additional 3,666 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Enerflex during the 1st quarter valued at $130,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

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.