Royal Bank of Canada Raises Enerflex (NYSE:EFXT) Price Target to $12.00

Enerflex (NYSE:EFXT) had its target price raised by stock analysts at Royal Bank of Canada from $9.00 to $12.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 43.88% from the stock’s current price.

Enerflex Stock Up 4.4 %

Shares of EFXT stock opened at $8.34 on Friday. Enerflex has a 1 year low of $4.01 and a 1 year high of $8.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 1.27. The business’s fifty day moving average is $6.43 and its 200-day moving average is $5.75. The stock has a market cap of $1.03 billion, a PE ratio of -13.24 and a beta of 1.89.

Hedge Funds Weigh In On Enerflex

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFXT. Clearbridge Investments LLC increased its position in Enerflex by 16.3% in the 2nd quarter. Clearbridge Investments LLC now owns 567,366 shares of the company’s stock worth $3,064,000 after purchasing an additional 79,419 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Enerflex by 183.4% in the 2nd quarter. Marshall Wace LLP now owns 218,505 shares of the company’s stock valued at $1,180,000 after buying an additional 141,393 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Enerflex in the 3rd quarter valued at approximately $730,000. The Manufacturers Life Insurance Company raised its position in Enerflex by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company’s stock valued at $965,000 after acquiring an additional 7,700 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in Enerflex by 6.2% during the first quarter. 1832 Asset Management L.P. now owns 8,901,000 shares of the company’s stock valued at $51,893,000 after acquiring an additional 516,300 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

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.