Enerflex Ltd. (EFXT) expanding its growth trajectory ahead

Enerflex Ltd. (NYSE: EFXT) stock jumped 1.53% on Wednesday to $6.62 against a previous-day closing price of $6.52. With 3.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 87670.0 shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $6.62 whereas the lowest price it dropped to was $6.49. The 52-week range on EFXT shows that it touched its highest point at $7.66 and its lowest point at $3.86 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EFXT was up-trending over the past week, with a rise of 13.36%, but this was up by 37.92% over a month. Three-month performance surged to 44.48% while six-month performance rose 1.38%. The stock gained 9.28% in the past year, while it has gained 9.42% so far this year.

Float and Shares Shorts:

At present, 123.69 million EFXT shares are outstanding with a float of 122.98 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.4 million, which was 2.75% higher than short shares on. In addition to Mr. Marc Edward Rossiter as the firm’s Pres, CEO & Director, Mr. Sanjay Bishnoi Ph.D. serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 43.74% of EFXT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of EFXT, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 4.27% stake in EFXT, the T Rowe Price Small Cap Value Fund is the largest stakeholder. A total of 5,276,629 shares are owned by the mutual fund manager. The Canoe EIT Income Fund, which owns about 3.17% of EFXT stock, is the second-largest Mutual Fund holder. It holds 3,914,692 shares valued at 20.24 million. Dynamic Dividend Advantage Fund holds 2.58% of the stake in EFXT, owning 3,188,329 shares worth 16.48 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EFXT since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EFXT analysts setting a high price target of $16.00 and a low target of $9.00, the average target price over the next 12 months is $11.64. Based on these targets, EFXT could surge 141.69% to reach the target high and rise by 35.95% to reach the target low. Reaching the average price target will result in a growth of 75.83% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EFXT will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $0.62 being high and -$1.15 being low. For EFXT, this leads to a yearly average estimate of -$0.11. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Enerflex Ltd. surprised analysts by -$0.47 when it reported -$0.37 EPS against a consensus estimate of $0.10. The surprise factor in the prior quarter was $0.09. Based on analyst estimates, the high estimate for the next quarter is $0.44 and the low estimate is -$0.81. The average estimate for the next quarter is thus -$0.01.

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