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With a forward-price-to-earnings multiple under 15x and significant hedge fund interest, Enerflex Ltd. (NYSE:EFXT) secures a spot on our list of the 10 Overlooked Energy Stocks to Buy Now.
BMO Capital raised its price target on Enerflex Ltd. (NYSE:EFXT) from $10.85 to $11.58 on August 8, maintaining an ‘Outperform’ rating. This price revision came a day after the company reported its second-quarter results. In Q2, Enerflex grew its revenue from $552 million in the previous quarter to $615 million, driven by strong Energy Infrastructure and After-Market Services performance, alongside reduced SG&A expenses. As a result, the company posted a new quarterly high adjusted EBITDA of $130 million.
Meanwhile, higher margins, lower financing costs, and a $15 million unrealized gain on note redemption options helped Enerflex Ltd. (NYSE:EFXT) increase its net earnings from $5 million a year earlier to a whopping $60 million, or $0.49 per share.
Looking ahead, the company’s $1.2 billion Engineered Systems backlog, along with stable 94% contract compression utilization and expanded Permian operations, boosts investor confidence. Enerflex Ltd. (NYSE:EFXT) also maintained its $120 million 2025 Capex plan. At the same time, the company continued share buybacks while declaring a quarterly dividend of $0.027 per share.
Enerflex Ltd. (NYSE:EFXT) delivers integrated energy infrastructure and natural gas compression solutions globally. It is included in our list of the Overlooked Stocks.
While we acknowledge the potential of EFXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Best Gold Penny Stocks to Buy According to Hedge Funds and 11 Best Rebound Stocks to Buy According to Hedge Funds.
Disclosure: None.
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