Enerflex (NYSE:EFXT) Trading 2.2% Higher

Shares of Enerflex Ltd. (NYSE:EFXT) traded up 2.2% during trading on Tuesday . The company traded as high as $5.82 and last traded at $5.81. 67,752 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 226,963 shares. The stock had previously closed at $5.68.

Wall Street Analysts Forecast Growth

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

Enerflex Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The stock has a market cap of $719.59 million, a price-to-earnings ratio of -8.80 and a beta of 2.44. The company has a 50 day simple moving average of $5.81 and a 200 day simple moving average of $4.98.

Enerflex (NYSE:EFXT) last issued its 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 business had revenue of $574.61 million for the quarter, compared to analyst estimates 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 research analysts forecast that Enerflex Ltd. will post 0.46 EPS for the current year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.0184 per share. This is an increase 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 yield of 1.27%. Enerflex’s payout ratio is presently -10.61%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Canoe Financial LP grew its holdings in shares of Enerflex by 105.2% during the fourth quarter. Canoe Financial LP now owns 20,393,814 shares of the company’s stock worth $95,239,000 after purchasing an additional 10,454,383 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Enerflex by 21.2% during the fourth quarter. 1832 Asset Management L.P. now owns 8,384,700 shares of the company’s stock worth $39,157,000 after purchasing an additional 1,464,300 shares during the last quarter. NewGen Asset Management Ltd grew its holdings in shares of Enerflex by 19.1% during the fourth quarter. NewGen Asset Management Ltd now owns 2,186,200 shares of the company’s stock worth $10,210,000 after purchasing an additional 350,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Enerflex by 25.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,063,900 shares of the company’s stock worth $6,109,000 after purchasing an additional 213,300 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Enerflex by 24.4% during the third quarter. Fiera Capital Corp now owns 885,692 shares of the company’s stock worth $5,100,000 after purchasing an additional 173,601 shares during the last quarter. Institutional investors and hedge funds 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.