Enerflex Ltd. (NYSE:EFXT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give Enerflex a consensus rating of Moderate Buy; of six covering firms there are 1 strong buy, 3 buys and 2 holds, with an average 1‑year target of $14.63.
• Shares opened at $21.31 and trade within a 12‑month range of $6.18–$23.82; the company has a market cap of roughly $2.59B and a P/E around 41.8.
• Enerflex pays a quarterly dividend of $0.0425 (annualized $0.17) for a yield of about 0.8% and a payout ratio near 23.5%, while institutional investors own approximately 46.47% of the stock.

Enerflex Ltd. (NYSE:EFXT - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.6250.

A number of brokerages have recently issued reports on EFXT. Royal Bank Of Canada reissued an "outperform" rating and set a $20.00 price objective on shares of Enerflex in a research report on Thursday, January 15th. Wall Street Zen cut Enerflex from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Raymond James Financial downgraded Enerflex from a "strong-buy" rating to an "outperform" rating in a research report on Tuesday, February 3rd. Zacks Research raised Enerflex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Enerflex in a research report on Wednesday, January 21st.

Enerflex Stock Performance

Shares of NYSE EFXT opened at $21.31 on Friday. Enerflex has a 12-month low of $6.18 and a 12-month high of $23.82. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 41.78 and a beta of 1.84. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $19.63 and a 200 day moving average of $15.37.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were paid a dividend of $0.0425 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. Enerflex's payout ratio is 23.53%.

Institutional Investors Weigh In On Enerflex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its holdings in Enerflex by 0.8% during the fourth quarter. Neuberger Berman Group LLC now owns 118,504 shares of the company's stock valued at $1,829,000 after purchasing an additional 883 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Enerflex by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 33,744 shares of the company's stock worth $521,000 after purchasing an additional 1,033 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Enerflex by 0.7% in the third quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company's stock worth $1,696,000 after purchasing an additional 1,035 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of Enerflex by 9.6% during the 4th quarter. D Orazio & Associates Inc. now owns 12,690 shares of the company's stock valued at $196,000 after purchasing an additional 1,110 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Enerflex by 8.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 19,433 shares of the company's stock valued at $299,000 after purchasing an additional 1,512 shares during the period. Institutional investors own 46.47% of the company's stock.

About Enerflex

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.

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