Wall Street Zen Upgrades Enerflex (NYSE:EFXT) to Strong-Buy

Enerflex (NYSE:EFXT) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other research firms have also recently issued reports on EFXT. Royal Bank Of Canada lifted their price objective on Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Zacks Research lowered Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.13.

Enerflex Stock Performance

Shares of EFXT opened at $15.76 on Friday. The company has a market capitalization of $1.92 billion, a PE ratio of 14.33 and a beta of 1.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 1.24. The company’s 50 day moving average price is $12.93 and its 200 day moving average price is $10.34. Enerflex has a 52 week low of $6.18 and a 52 week high of $16.01.

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

Institutional Investors Weigh In On Enerflex

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFXT. Russell Investments Group Ltd. grew its holdings in Enerflex by 0.7% during the third quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock valued at $1,696,000 after purchasing an additional 1,035 shares during the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of Enerflex by 14.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after buying an additional 1,497 shares during the period. Baron Wealth Management LLC grew its stake in Enerflex by 10.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,853 shares of the company’s stock valued at $182,000 after buying an additional 1,638 shares during the last quarter. Lazard Asset Management LLC grew its stake in Enerflex by 2.5% in the 2nd quarter. Lazard Asset Management LLC now owns 101,048 shares of the company’s stock valued at $797,000 after buying an additional 2,468 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in Enerflex by 19.0% in the 3rd quarter. Scotia Capital Inc. now owns 16,503 shares of the company’s stock worth $176,000 after acquiring an additional 2,633 shares during the period. 46.47% of the stock is currently owned by institutional investors and hedge funds.

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.