Enerflex Ltd. (NYSE:EFXT) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts rate Enerflex “Moderate Buy”, with five buys, one strong buy, two holds and one sell. The average 12-month price target is $36.67 versus a recent share price of $24.05.
• Enerflex’s latest quarterly results fell short of expectations, with EPS of $0.25 versus a $0.31 consensus estimate and revenue of $582 million versus $606.78 million expected.
• Institutional investors own 46.47% of the company, while Enerflex pays a quarterly dividend of C$0.04, equivalent to an annualized yield of approximately 0.7%.

Shares of Enerflex Ltd. (NYSE:EFXT - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $36.67.

EFXT has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Enerflex from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday. Wall Street Zen downgraded shares of Enerflex from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Acumen Capital upgraded Enerflex to a "strong-buy" rating in a report on Friday, October 2nd. Canadian Imperial Bank of Commerce upped their target price on Enerflex from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Zacks Research cut Enerflex from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th.

Institutional Investors Weigh In On Enerflex

A number of institutional investors have recently added to or reduced their stakes in the stock. Baron Wealth Management LLC increased its position 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 worth $748,000 after purchasing an additional 751 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in 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 in the last quarter. Financial Management Professionals Inc. acquired a new stake in Enerflex in the second quarter worth about $30,000. Kathmere Capital Management LLC grew its stake 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 acquiring an additional 2,422 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Enerflex during the second quarter worth about $79,000. Institutional investors own 46.47% of the company's stock.

Enerflex Stock Performance

EFXT stock opened at $24.05 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. The business has a 50-day moving average price of $22.15 and a 200 day moving average price of $23.47. The company has a market capitalization of $2.94 billion, a P/E ratio of 55.93 and a beta of 1.80. Enerflex has a 1-year low of $10.57 and a 1-year high of $29.15.

Enerflex (NYSE:EFXT - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). Enerflex had a return on equity of 11.76% and a net margin of 2.06%. The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $606.78 million. As a group, equities research analysts forecast that Enerflex will post 1.34 EPS for the current fiscal year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a C$0.04 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 19th. Enerflex's payout ratio is presently 27.91%.

Enerflex Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.