Enerflex Ltd. (NYSE:EFXT) Short Interest Down 10.3% in April

Enerflex Ltd. (NYSE:EFXT) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 893,600 shares, a decline of 10.3% from the March 31st total of 996,000 shares. Based on an average daily volume of 265,800 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.7% of the shares of the company are short sold.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $5.96 on Monday. The business’s 50 day simple moving average is $5.87 and its 200-day simple moving average is $5.02. The firm has a market capitalization of $738.80 million, a price-to-earnings ratio of -9.03 and a beta of 2.43. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.91. Enerflex has a 12 month low of $3.94 and a 12 month high of $8.36.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16). The firm had revenue of $574.61 million for the quarter, compared to analysts’ expectations of $583.70 million. Enerflex had a positive return on equity of 0.11% and a negative net margin of 3.47%. As a group, equities analysts forecast that Enerflex will post 0.46 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.0184 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.07 annualized dividend and a dividend yield of 1.23%. Enerflex’s payout ratio is -10.61%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised Enerflex from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th.

Institutional Investors Weigh In On Enerflex

Several institutional investors have recently modified their holdings of EFXT. Swiss National Bank raised its position in shares of Enerflex by 1.9% during the 3rd quarter. Swiss National Bank now owns 260,800 shares of the company’s stock worth $1,510,000 after purchasing an additional 4,900 shares during the last quarter. Simplex Trading LLC raised its position in shares of Enerflex by 12,460.0% during the 3rd quarter. Simplex Trading LLC now owns 4,944 shares of the company’s stock worth $28,000 after purchasing an additional 4,984 shares during the last quarter. TD Asset Management Inc raised its position in shares of Enerflex by 1.5% during the 4th quarter. TD Asset Management Inc now owns 471,869 shares of the company’s stock worth $2,194,000 after purchasing an additional 6,862 shares during the last quarter. HITE Hedge Asset Management LLC raised its position in shares of Enerflex by 8.2% during the 4th quarter. HITE Hedge Asset Management LLC now owns 103,060 shares of the company’s stock worth $477,000 after purchasing an additional 7,843 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Enerflex by 51.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,978 shares of the company’s stock worth $150,000 after purchasing an additional 8,808 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

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.