Caprock Group LLC Buys Shares of 26,827 Enerflex Ltd. $EFXT

Caprock Group LLC purchased a new position in Enerflex Ltd. (NYSE:EFXT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,827 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors have also modified their holdings of EFXT. Millennium Management LLC increased its stake in Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after purchasing an additional 880,358 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after acquiring an additional 752,893 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Enerflex during the second quarter worth $1,718,000. Finally, Envestnet Asset Management Inc. boosted its stake in Enerflex by 26.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 141,524 shares of the company’s stock worth $1,117,000 after purchasing an additional 29,821 shares during the period. Institutional investors own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of NYSE EFXT opened at $19.44 on Friday. The business’s 50 day moving average is $16.65 and its 200-day moving average is $13.31. The firm has a market cap of $2.37 billion, a P/E ratio of 17.67 and a beta of 1.95. Enerflex Ltd. has a 1-year low of $6.18 and a 1-year high of $19.89. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EFXT shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of Enerflex in a research note on Thursday, January 15th. Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Finally, Raymond James Financial cut shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.63.

About Enerflex

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.