Enerflex Ltd. (NYSE:EFXT) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Enerflex Ltd. has received a consensus rating of "Moderate Buy" from four brokerages, with one hold rating and three buy ratings, and an average price target of $12.13.
• Institutional investors now own 46.47% of Enerflex's stock, with notable investments including a new stake by D Orazio & Associates valued at approximately $80,000.
• The company recently increased its quarterly dividend from $0.03 to $0.0375, yielding approximately 1.3% annually.

Enerflex Ltd. (NYSE:EFXT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the four brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.1250.

Several research analysts recently weighed in on EFXT shares. Weiss Ratings restated a "hold (c+)" rating on shares of Enerflex in a report on Saturday, September 27th. Royal Bank Of Canada boosted their price target on shares of Enerflex from $13.00 to $15.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. Raymond James Financial restated an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. BMO Capital Markets reiterated an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th.

Institutional Trading of Enerflex

Hedge funds and other institutional investors have recently modified their holdings of the business. D Orazio & Associates Inc. bought a new stake in shares of Enerflex in the second quarter valued at approximately $80,000. Vise Technologies Inc. bought a new stake in shares of Enerflex in the second quarter valued at approximately $85,000. Baron Wealth Management LLC raised its position in shares of Enerflex by 31.7% in the second quarter. Baron Wealth Management LLC now owns 15,215 shares of the company's stock valued at $120,000 after purchasing an additional 3,666 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Enerflex in the first quarter valued at approximately $130,000. Finally, NewEdge Advisors LLC raised its position in shares of Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company's stock valued at $176,000 after purchasing an additional 20,689 shares during the period. Institutional investors own 46.47% of the company's stock.

Enerflex Stock Up 2.7%

Shares of NYSE:EFXT traded up $0.30 during midday trading on Friday, hitting $11.28. 407,084 shares of the company's stock were exchanged, compared to its average volume of 402,971. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88. The stock has a 50 day moving average price of $9.81 and a 200-day moving average price of $8.20. The company has a market cap of $1.38 billion, a PE ratio of 10.84 and a beta of 2.01. Enerflex has a 12 month low of $6.18 and a 12 month high of $11.43.

Enerflex (NYSE:EFXT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.07 by $0.42. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The company had revenue of $615.00 million during the quarter, compared to the consensus estimate of $555.24 million. On average, sell-side analysts anticipate that Enerflex will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.0375 dividend. The ex-dividend date was Monday, August 18th. This is a positive change from Enerflex's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 1.3%. Enerflex's dividend payout ratio is presently 10.58%.

Enerflex Company Profile

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.

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