Enerflex (NYSE:EFXT) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Enerflex from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy” with a $36.00 target price.
• Enerflex’s latest quarter fell short of expectations, reporting $0.25 in EPS versus $0.31 expected and revenue of $582.0 million versus $606.78 million projected.
• The stock opened at $20.00, below its 50-day moving average of $23.68, while institutional investors own 46.47% of the company and several funds initiated positions during the second quarter.

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 research report issued to clients and investors on Saturday.

Other research analysts have also issued reports about the stock. Raymond James Financial boosted their price target on shares of Enerflex from $45.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, May 28th. Royal Bank Of Canada lifted their price objective on Enerflex from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, May 28th. Weiss Ratings cut Enerflex from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday. BMO Capital Markets reissued an "outperform" rating on shares of Enerflex in a report on Friday, May 8th. Finally, TD Securities reaffirmed a "buy" rating on shares of Enerflex in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.00.

Enerflex Stock Performance

Shares of EFXT opened at $20.00 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20. The stock has a market capitalization of $2.44 billion, a P/E ratio of 46.50 and a beta of 1.86. The company's fifty day moving average is $23.68 and its two-hundred day moving average is $22.60. Enerflex has a 1 year low of $8.81 and a 1 year high of $29.15.

Enerflex (NYSE:EFXT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.06). Enerflex had a return on equity of 11.86% and a net margin of 2.06%.The firm had revenue of $582.00 million for the quarter, compared to analysts' expectations of $606.78 million. On average, sell-side analysts predict that Enerflex will post 1.63 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc purchased a new stake in shares of Enerflex during the 2nd quarter worth approximately $1,175,000. BlackRock Inc. acquired a new stake in shares of Enerflex in the 2nd quarter worth approximately $628,000. Deutsche Bank AG purchased a new position in Enerflex in the 2nd quarter valued at approximately $158,000. Plato Investment Management Ltd purchased a new position in Enerflex in the 2nd quarter valued at approximately $407,000. Finally, Alberta Investment Management Corp acquired a new position in Enerflex during the second quarter worth $801,000. 46.47% of the stock is 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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