Enerflex (NYSE:EFXT) Cut to "Hold" at Wall Street Zen

Wall Street Zen lowered shares of Enerflex (NYSE:EFXT - Free Report) from a buy rating to a hold rating in a research note released on Friday.

EFXT has been the topic of a number of other reports. CIBC cut their price objective on Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Royal Bank Of Canada dropped their price target on Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th.

Enerflex Trading Up 1.2%

EFXT traded up $0.09 on Friday, hitting $7.90. 228,727 shares of the company were exchanged, compared to its average volume of 312,848. The stock has a market capitalization of $972.33 million, a PE ratio of 17.75 and a beta of 1.98. Enerflex has a 12 month low of $4.73 and a 12 month high of $10.61. The firm has a fifty day simple moving average of $7.21 and a two-hundred day simple moving average of $8.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.83 and a current ratio of 1.12.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The firm had revenue of $552.00 million for the quarter, compared to analyst estimates of $583.59 million. Enerflex had a return on equity of 5.23% and a net margin of 3.18%. Sell-side analysts expect that Enerflex will post 0.25 earnings per share for the current year.

Enerflex Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 22nd were paid a $0.0375 dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, May 21st. Enerflex's dividend payout ratio is currently 18.64%.

Institutional Trading of Enerflex

A number of hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. increased its position in Enerflex by 8.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock worth $173,000 after buying an additional 1,404 shares in the last quarter. Geode Capital Management LLC increased its position in Enerflex by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 63,885 shares of the company's stock worth $642,000 after buying an additional 2,828 shares in the last quarter. Bank of Nova Scotia increased its position in Enerflex by 4.9% in the fourth quarter. Bank of Nova Scotia now owns 90,717 shares of the company's stock worth $903,000 after buying an additional 4,258 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in Enerflex by 2.2% in the first quarter. Northwest & Ethical Investments L.P. now owns 204,109 shares of the company's stock worth $1,578,000 after buying an additional 4,486 shares in the last quarter. Finally, Barclays PLC increased its position in Enerflex by 20.3% in the fourth quarter. Barclays PLC now owns 31,481 shares of the company's stock worth $314,000 after buying an additional 5,312 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

About Enerflex

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.