Enerflex (NYSE:EFXT) Upgraded to "Strong-Buy" at Acumen Capital

Key Points

• Acumen Capital upgraded Enerflex to “strong buy,” while analyst opinions remain mixed; MarketBeat’s overall consensus is “moderate buy” with a $36 price target.
• Enerflex shares opened at $24.58 after falling 3.4%; the company recently missed quarterly estimates, reporting $0.25 EPS versus $0.31 expected and revenue of $582 million versus $606.78 million projected.
• Institutional investors own 46.47% of Enerflex, with several hedge funds recently increasing their positions in the natural-gas infrastructure and energy-solutions provider.

Enerflex (NYSE:EFXT - Get Free Report) was upgraded by research analysts at Acumen Capital to a "strong-buy" rating in a report released on Friday, Zacks reports.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Enerflex from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce upped their price objective on shares of Enerflex from $27.50 to $30.00 and gave the stock a "neutral" rating in a research report on Friday. Wall Street Zen lowered shares of Enerflex from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut Enerflex from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Enerflex presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.00.

Enerflex Trading Down 3.4%

Enerflex stock opened at $24.58 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Enerflex has a 12 month low of $10.57 and a 12 month high of $29.15. The stock's 50 day simple moving average is $21.88 and its two-hundred day simple moving average is $23.33. The firm has a market cap of $3.00 billion, a PE ratio of 57.16 and a beta of 1.80.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.06). Enerflex had a return on equity of 11.76% and a net margin of 2.06%.The firm had revenue of $582.00 million for the quarter, compared to analyst estimates of $606.78 million. Analysts anticipate that Enerflex will post 1.34 earnings per share for the current year.

Hedge Funds Weigh In On Enerflex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baron Wealth Management LLC raised its holdings in shares of Enerflex by 2.5% during the second quarter. Baron Wealth Management LLC now owns 30,530 shares of the company's stock valued at $748,000 after acquiring an additional 751 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Enerflex by 4.4% in the first quarter. Pictet Asset Management Holding SA now owns 24,089 shares of the company's stock worth $502,000 after acquiring an additional 1,017 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Enerflex in the second quarter worth approximately $30,000. State of Wyoming increased its position in shares of Enerflex by 11.4% during the fourth quarter. State of Wyoming now owns 22,679 shares of the company's stock worth $350,000 after purchasing an additional 2,319 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in shares of Enerflex by 12.0% during the first quarter. Kathmere Capital Management LLC now owns 22,587 shares of the company's stock worth $473,000 after purchasing an additional 2,422 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

About Enerflex

Enerflex Ltd. NYSE: EFXT is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.

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