Enerflex (NYSE:EFXT) Sets New 52-Week High – Here’s What Happened

Enerflex Ltd. (NYSE:EFXT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.59 and last traded at $7.56, with a volume of 45796 shares changing hands. The stock had previously closed at $7.48.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price target on Enerflex from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, August 9th.

Enerflex Trading Up 5.9 %

The company has a 50 day moving average of $6.38 and a two-hundred day moving average of $5.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a market capitalization of $996.04 million, a PE ratio of -9.67 and a beta of 1.89.

Institutional Trading of Enerflex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its holdings in shares of Enerflex by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 152,701 shares of the company’s stock valued at $824,000 after buying an additional 2,789 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Enerflex by 3.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company’s stock valued at $1,103,000 after buying an additional 5,864 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Enerflex by 24.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock valued at $174,000 after buying an additional 6,325 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Enerflex by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company’s stock valued at $965,000 after buying an additional 7,700 shares during the period. Finally, Avidian Wealth Enterprises LLC lifted its holdings in shares of Enerflex by 15.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company’s stock valued at $455,000 after buying an additional 9,975 shares during the period. 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.