Enerflex (NYSE:EFXT) Hits New 12-Month High - Still a Buy?

Key Points

• Enerflex hit a new 52‑week high, trading as high as $26.39 and last around $25.58 on volume of ~731,800 shares, with a market cap of $3.12 billion and a PE of 50.15.
• Wall Street sentiment is mixed but generally positive—a MarketBeat consensus of “Moderate Buy” with a $25.75 target, while RBC raised its price objective to $26 and Zacks upgraded to a strong‑buy amid several buy/hold ratings.
• The company shows modest liquidity and leverage (current ratio 1.13, debt/equity 0.58), pays a quarterly dividend (annualized yield ~0.7%), and has seen significant institutional inflows (about 46.47% owned by hedge funds and institutions, with large recent purchases by Hillsdale, Millennium, Man Group, Goldman and TD Asset Management).

Enerflex Ltd. (NYSE:EFXT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.39 and last traded at $25.5750, with a volume of 731816 shares changing hands. The stock had previously closed at $25.68.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EFXT shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Enerflex in a research report on Wednesday, January 21st. Zacks Research raised shares of Enerflex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 10th. Wall Street Zen downgraded shares of Enerflex from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. Raymond James Financial downgraded shares of Enerflex from a "strong-buy" rating to an "outperform" rating in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Enerflex from $20.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

Enerflex Trading Down 0.4%

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.81. The stock has a market capitalization of $3.12 billion, a PE ratio of 50.15 and a beta of 1.83. The stock's 50 day simple moving average is $21.64 and its two-hundred day simple moving average is $17.19.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, March 11th. Enerflex's payout ratio is presently 23.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. lifted its position in shares of Enerflex by 435.9% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company's stock valued at $50,695,000 after buying an additional 3,824,093 shares during the last quarter. Millennium Management LLC lifted its position in shares of Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company's stock valued at $8,747,000 after buying an additional 880,358 shares during the last quarter. Man Group plc lifted its position in shares of Enerflex by 433.7% during the 2nd quarter. Man Group plc now owns 1,069,556 shares of the company's stock valued at $8,426,000 after buying an additional 869,156 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company's stock valued at $17,031,000 after buying an additional 752,893 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company's stock valued at $33,215,000 after buying an additional 518,639 shares during the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Company Profile

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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