Enerflex (NYSE:EFXT) Downgraded by Wall Street Zen to "Hold"

Enerflex (NYSE:EFXT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Friday.

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

Enerflex Price Performance

Shares of NYSE:EFXT traded down $0.15 on Friday, reaching $7.82. 374,230 shares of the company traded hands, compared to its average volume of 312,353. Enerflex has a fifty-two week low of $4.73 and a fifty-two week high of $10.61. The company's 50 day moving average is $7.21 and its 200-day moving average is $8.18. The stock has a market capitalization of $961.87 million, a PE ratio of 13.25 and a beta of 1.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.12 and a quick ratio of 0.83.

Enerflex (NYSE:EFXT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. Enerflex had a return on equity of 5.23% and a net margin of 3.18%. The company had revenue of $552.00 million during the quarter, compared to the consensus estimate of $583.59 million. As a group, analysts anticipate that Enerflex will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of Enerflex

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new stake in shares of Enerflex in the fourth quarter valued at $82,000. Quantbot Technologies LP purchased a new stake in shares of Enerflex in the fourth quarter valued at $127,000. Bank of New York Mellon Corp purchased a new stake in shares of Enerflex in the first quarter valued at $130,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Enerflex by 8.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock valued at $173,000 after purchasing an additional 1,404 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

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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