Weiss Ratings Reaffirms "Hold (C+)" Rating for Enerflex (NYSE:EFXT)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Enerflex (NYSE:EFXT), while other analysts, including Zacks Research and Wall Street Zen, have upgraded the stock to "Strong Buy" and "Outperform" ratings.
• Enerflex reported a strong quarterly earnings result of $0.49 EPS, significantly surpassing analysts' estimates, with revenue of $615 million, beating the forecast of $555.24 million.
• The stock is currently trading at $11.52, with a consensus target price of $12.13 and a market capitalization of $1.41 billion, indicating investor interest in the energy sector's potential growth.

Enerflex (NYSE:EFXT - Get Free Report)'s stock had its "hold (c+)" rating reissued by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on EFXT. Zacks Research upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating in a report on Monday. Raymond James Financial reiterated an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Royal Bank Of Canada boosted their price objective on shares of Enerflex from $13.00 to $15.00 and gave the stock an "outperform" rating in a research note on Thursday, September 25th. BMO Capital Markets reiterated an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Enerflex has a consensus rating of "Moderate Buy" and a consensus target price of $12.13.

Enerflex Trading Down 0.5%

Enerflex stock traded down $0.06 during trading on Wednesday, reaching $11.52. The company had a trading volume of 535,235 shares, compared to its average volume of 380,057. Enerflex has a 12-month low of $6.18 and a 12-month high of $11.70. The stock's 50 day moving average price is $10.07 and its two-hundred day moving average price is $8.31. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.08 and a beta of 2.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19.

Enerflex (NYSE:EFXT - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.42. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The firm had revenue of $615.00 million during the quarter, compared to the consensus estimate of $555.24 million. As a group, equities analysts expect that Enerflex will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of Enerflex

A number of institutional investors and hedge funds have recently modified their holdings of EFXT. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Enerflex by 42.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company's stock worth $48,555,000 after purchasing an additional 1,863,470 shares during the period. Millennium Management LLC raised its holdings in shares of Enerflex by 351.0% during the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company's stock worth $8,747,000 after purchasing an additional 880,358 shares during the period. Man Group plc raised its holdings in shares of Enerflex by 433.7% during the second quarter. Man Group plc now owns 1,069,556 shares of the company's stock worth $8,426,000 after purchasing an additional 869,156 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company's stock worth $17,031,000 after purchasing an additional 752,893 shares during the period. Finally, NewGen Equity Long Short Fund acquired a new stake in shares of Enerflex during the second quarter worth $5,628,000. 46.47% of the stock is owned by institutional investors and hedge funds.

About Enerflex

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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