Enerflex Ltd. (NYSE:EFXT) Sees Significant Decrease in Short Interest

Enerflex Ltd. (NYSE:EFXT) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,220,000 shares, a drop of 27.8% from the August 31st total of 1,690,000 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 410,800 shares, the days-to-cover ratio is presently 3.0 days. Based on an average trading volume of 410,800 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Enerflex

A number of institutional investors and hedge funds have recently made changes to their positions in EFXT. D Orazio & Associates Inc. acquired a new position in shares of Enerflex during the 2nd quarter worth $80,000. Vise Technologies Inc. acquired a new position in shares of Enerflex during the 2nd quarter worth $85,000. Baron Wealth Management LLC grew its stake in Enerflex by 31.7% in the 2nd quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock valued at $120,000 after acquiring an additional 3,666 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Enerflex in the 1st quarter valued at about $130,000. Finally, NewEdge Advisors LLC grew its stake in Enerflex by 984.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after acquiring an additional 20,689 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Royal Bank Of Canada lifted their target price on shares of Enerflex from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.13.

Enerflex Stock Performance

NYSE:EFXT opened at $11.52 on Thursday. The firm’s fifty day moving average price is $10.07 and its 200 day moving average price is $8.31. Enerflex has a 1-year low of $6.18 and a 1-year high of $11.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 11.08 and a beta of 2.01.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The firm had revenue of $615.00 million for the quarter, compared to analyst estimates of $555.24 million. On average, sell-side analysts expect that Enerflex will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.0375 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.3%. Enerflex’s dividend payout ratio is currently 10.58%.

About Enerflex

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.