Enerflex (NYSE:EFXT) Sets New 12-Month High – What’s Next?

by · The Cerbat Gem

Enerflex Ltd. (NYSE:EFXTGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $17.39 and last traded at $17.20, with a volume of 48762 shares changing hands. The stock had previously closed at $16.94.

Analyst Upgrades and Downgrades

EFXT has been the topic of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 price target on shares of Enerflex in a research report on Thursday, January 15th. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Wall Street Zen upgraded shares of Enerflex from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Finally, Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $14.63.

View Our Latest Research Report on EFXT

Enerflex Trading Up 1.4%

The business’s 50-day moving average price is $15.10 and its two-hundred day moving average price is $12.07. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 15.60 and a beta of 1.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88.

Enerflex (NYSE:EFXTGet Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Enerflex had a net margin of 5.43% and a return on equity of 12.35%. The company had revenue of $777.00 million during the quarter, compared to analyst estimates of $682.88 million. Research analysts predict that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is 10.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its position in Enerflex by 29.0% during the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after purchasing an additional 466,535 shares in the last quarter. NewGen Equity Long Short Fund bought a new position in shares of Enerflex during the 2nd quarter valued at about $5,628,000. Public Employees Retirement System of Ohio grew its position in shares of Enerflex by 43.6% during the second quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock valued at $1,303,000 after purchasing an additional 50,193 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Enerflex in the second quarter worth about $1,718,000. Finally, Intact Investment Management Inc. bought a new position in Enerflex during the third quarter valued at approximately $5,053,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

About Enerflex

(Get Free Report)

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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