Enerflex (NYSE:EFXT) Reaches New 1-Year Low - Time to Sell?

Key Points

• Enerflex shares touched a reported 52-week low of $12.00 during Friday trading, then were last quoted at $19.283, above the prior close of $18.87.
• Analyst sentiment remains broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $38.00.
• In its latest quarter, Enerflex reported EPS of $0.45, beating the $0.33 consensus, while revenue of $623 million fell short of the $632.7 million estimate.

Shares of Enerflex Ltd. (NYSE:EFXT - Get Free Report) hit a new 52-week low during mid-day trading on Friday. The company traded as low as $12.00 and last traded at $19.2830, with a volume of 443 shares. The stock had previously closed at $18.87.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EFXT. Zacks Research raised Enerflex from a "strong sell" rating to a "hold" rating in a research report on Friday, October 30th. Acumen Capital raised Enerflex to a "strong-buy" rating in a research report on Friday, October 2nd. Weiss Ratings raised Enerflex from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. BMO Capital Markets reiterated an "outperform" rating on shares of Enerflex in a research note on Friday, October 16th. Finally, Wall Street Zen raised Enerflex from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Enerflex Stock Performance

The stock has a market cap of $2.37 billion, a P/E ratio of 33.54 and a beta of 1.79. The firm has a 50 day moving average of $23.12 and a two-hundred day moving average of $22.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.23.

Enerflex (NYSE:EFXT - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.12. The company had revenue of $623.00 million during the quarter, compared to analysts' expectations of $632.70 million. Enerflex had a return on equity of 13.15% and a net margin of 2.94%. On average, research analysts predict that Enerflex Ltd. will post 1.42 EPS for the current fiscal year.

Enerflex Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a dividend of C$0.04 per share. The ex-dividend date of this dividend is Thursday, November 12th. This is a decrease from Enerflex's previous quarterly dividend of C$0.04. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.7%. Enerflex's dividend payout ratio is currently 15.52%.

Institutional Investors Weigh In On Enerflex

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baron Wealth Management LLC boosted its stake in shares of Enerflex by 2.5% in the second quarter. Baron Wealth Management LLC now owns 30,530 shares of the company's stock worth $748,000 after acquiring an additional 751 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Enerflex by 3.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 23,935 shares of the company's stock valued at $546,000 after purchasing an additional 794 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Enerflex in the 2nd quarter valued at $30,000. Integrated Wealth Concepts LLC purchased a new position in Enerflex in the 2nd quarter valued at $79,000. Finally, Deutsche Bank AG purchased a new position in Enerflex in the 2nd quarter valued at $158,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Enerflex Company Profile

Enerflex Ltd. NYSE: EFXT is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.

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