Enerflex Ltd. (NYSE:EFXT) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Enerflex a “Moderate Buy” consensus: Five analysts rate the stock a buy, two recommend holding it and one rates it a sell. The average 12-month price target is $35.17, well above the reported $20.34 share price.
• Enerflex’s latest quarterly results fell short of expectations, with earnings per share of $0.25 versus the $0.31 consensus estimate and revenue of $582 million versus $606.78 million expected.
• Institutional investors own 46.47% of the company, while Enerflex maintains a quarterly dividend of $0.0425 per share, equivalent to an annualized yield of approximately 0.8%.

Enerflex Ltd. (NYSE:EFXT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $35.1667.

EFXT has been the topic of several analyst reports. Royal Bank Of Canada boosted their target price on Enerflex from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, May 28th. BMO Capital Markets restated an "outperform" rating on shares of Enerflex in a research report on Friday, May 8th. TD Securities reaffirmed a "buy" rating on shares of Enerflex in a research note on Friday, May 8th. Wall Street Zen cut shares of Enerflex from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Canadian Imperial Bank of Commerce set a $27.50 target price on shares of Enerflex in a research note on Monday, August 10th.

Institutional Trading of Enerflex

Several institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in shares of Enerflex during the second quarter valued at approximately $30,000. Smartleaf Asset Management LLC purchased a new stake in shares of Enerflex in the fourth quarter worth approximately $31,000. Plato Investment Management Ltd raised its holdings in shares of Enerflex by 399.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company's stock worth $72,000 after buying an additional 3,730 shares during the period. Shelton Capital Management bought a new stake in shares of Enerflex during the 3rd quarter worth approximately $136,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Enerflex during the 3rd quarter worth approximately $138,000. Institutional investors own 46.47% of the company's stock.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $20.34 on Monday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 47.30 and a beta of 1.86. Enerflex has a 12 month low of $9.64 and a 12 month high of $29.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $22.92 and a 200 day moving average price of $22.92.

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

Enerflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex's dividend payout ratio is presently 27.91%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source