Enerflex Ltd. (NYSE:EFXT) Short Interest Update

Enerflex Ltd. (NYSE:EFXT) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 1,540,000 shares, a decline of 7.8% from the July 15th total of 1,670,000 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 150,800 shares, the days-to-cover ratio is currently 10.2 days.

Hedge Funds Weigh In On Enerflex

Institutional investors have recently bought and sold shares of the stock. Canoe Financial LP lifted its stake in Enerflex by 105.2% during the fourth quarter. Canoe Financial LP now owns 20,393,814 shares of the company’s stock valued at $95,239,000 after buying an additional 10,454,383 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Enerflex by 57.9% in the 2nd quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock valued at $23,631,000 after acquiring an additional 1,606,236 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Enerflex by 21.2% in the 4th 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 period. Clearbridge Investments LLC purchased a new position in Enerflex during the 4th quarter worth approximately $2,279,000. Finally, NewGen Asset Management Ltd raised its stake in Enerflex by 19.1% during the 4th quarter. NewGen Asset Management Ltd now owns 2,186,200 shares of the company’s stock valued at $10,210,000 after purchasing an additional 350,000 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EFXT shares. National Bank Financial lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Sunday, June 2nd. Acumen Capital upgraded shares of Enerflex to a “strong-buy” rating in a research note on Saturday, June 1st. Finally, Royal Bank of Canada upped their target price on Enerflex from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $9.00.

Enerflex Stock Performance

Shares of EFXT opened at $5.68 on Wednesday. Enerflex has a 12-month low of $3.94 and a 12-month high of $6.45. The stock has a market capitalization of $704.58 million, a P/E ratio of -6.38 and a beta of 2.01. The firm’s 50 day moving average is $5.42 and its 200-day moving average is $5.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.16 and a quick ratio of 0.85.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Enerflex had a negative net margin of 4.61% and a negative return on equity of 2.47%. The company had revenue of $614.00 million during the quarter, compared to the consensus estimate of $554.20 million. Equities research analysts anticipate that Enerflex will post 0.28 EPS for the current fiscal year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, August 22nd. Enerflex’s dividend payout ratio is -7.87%.

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.