Virtus Advisers LLC acquired a new stake in Enerflex Ltd. (NYSE:EFXT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,293 shares of the company’s stock, valued at approximately $693,000.
Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Enerflex by 240.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 466,627 shares of the company’s stock worth $9,763,000 after purchasing an additional 329,469 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Enerflex by 21.0% in the first quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock valued at $8,506,000 after purchasing an additional 70,818 shares during the last quarter. Bank of America Corp DE lifted its position in Enerflex by 51.4% during the first quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock worth $27,059,000 after buying an additional 438,920 shares during the period. Versor Investments LP purchased a new position in Enerflex during the fourth quarter worth about $429,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in Enerflex in the 4th quarter worth about $6,438,000. Institutional investors and hedge funds own 46.47% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on the company. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Raymond James Financial raised their target price on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Zacks Research lowered shares of Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, TD Securities reaffirmed a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.17.
Enerflex Price Performance
Shares of Enerflex stock opened at $20.08 on Friday. The business’s fifty day moving average price is $23.00 and its 200 day moving average price is $22.90. Enerflex Ltd. has a twelve month low of $9.48 and a twelve month high of $29.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $2.45 billion, a P/E ratio of 46.70 and a beta of 1.86.
Enerflex (NYSE:EFXT – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $582.00 million for the quarter, compared to analyst estimates of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. As a group, research analysts anticipate that Enerflex Ltd. will post 1.34 earnings per share for the current year.
Enerflex Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Enerflex’s dividend payout ratio is 27.91%.
Enerflex Company Profile
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.
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