Cubist Systematic Strategies LLC Purchases New Shares in Enerflex Ltd. (NYSE:EFXT)

Cubist Systematic Strategies LLC purchased a new stake in Enerflex Ltd. (NYSE:EFXT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 54,908 shares of the company’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Canoe Financial LP raised its position in Enerflex by 10.2% in the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock valued at $82,342,000 after purchasing an additional 768,210 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in Enerflex by 3,307.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company’s stock valued at $48,685,000 after purchasing an additional 4,752,201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enerflex in the 4th quarter valued at $43,935,000. Bank of Montreal Can raised its position in Enerflex by 44.4% in the 4th quarter. Bank of Montreal Can now owns 705,114 shares of the company’s stock valued at $7,010,000 after purchasing an additional 216,839 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Enerflex in the 4th quarter valued at $5,871,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 0.6%

Shares of Enerflex stock opened at $7.15 on Friday. The company has a market cap of $887.67 million, a P/E ratio of -11.35 and a beta of 2.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. Enerflex Ltd. has a one year low of $4.60 and a one year high of $10.61. The firm has a fifty day moving average of $7.04 and a two-hundred day moving average of $8.35.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. Enerflex had a negative net margin of 3.15% and a negative return on equity of 1.25%. The business had revenue of $552.00 million for the quarter, compared to analysts’ expectations of $583.59 million. On average, analysts forecast that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.026 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.45%. Enerflex’s dividend payout ratio (DPR) is presently 16.95%.

Analyst Upgrades and Downgrades

EFXT has been the subject of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of Enerflex from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. CIBC cut their price objective on shares of Enerflex from $10.00 to $9.25 and set a “neutral” rating for the company in a research report on Friday, May 9th.

Enerflex 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.