Enerflex (NYSE:EFXT) Earns "Hold (C+)" Rating from Weiss Ratings

Key Points

• Enerflex has received a "Hold (C+)" rating from Weiss Ratings, while other firms like Zacks Research have upgraded the stock to a "strong-buy" rating.
• The company's shares recently opened at $12.45, marking a 3.2% increase, and it has demonstrated a market cap of $1.52 billion alongside a price-to-earnings ratio of 11.97.
• Enerflex's latest quarterly earnings showed a significant increase in earnings per share at $0.49, surpassing estimates by $0.42, with revenue reported at $615 million.

Enerflex (NYSE:EFXT - Get Free Report)'s stock had its "hold (c+)" rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Zacks Research upgraded Enerflex from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Royal Bank Of Canada raised their price objective on Enerflex from $13.00 to $15.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. BMO Capital Markets restated an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. Raymond James Financial restated an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Enerflex from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $12.13.

Enerflex Trading Up 3.2%

Shares of NYSE EFXT opened at $12.45 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19. The business's 50 day moving average price is $10.66 and its 200-day moving average price is $8.62. Enerflex has a fifty-two week low of $6.18 and a fifty-two week high of $12.46. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 11.97 and a beta of 2.01.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EFXT. Bank of New York Mellon Corp acquired a new stake in shares of Enerflex in the 1st quarter worth $130,000. Envestnet Asset Management Inc. acquired a new stake in shares of Enerflex in the 1st quarter worth $863,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Enerflex in the 1st quarter worth $303,000. TD Asset Management Inc boosted its position in shares of Enerflex by 59.8% in the 1st quarter. TD Asset Management Inc now owns 1,891,990 shares of the company's stock worth $14,618,000 after purchasing an additional 708,153 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Enerflex by 21.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company's stock worth $302,000 after purchasing an additional 6,793 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

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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