Enerflex Ltd. $EFXT Shares Purchased by Versor Investments LP

Versor Investments LP boosted its position in Enerflex Ltd. (NYSE:EFXT) by 10.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,739 shares of the company’s stock after purchasing an additional 9,939 shares during the period. Versor Investments LP owned approximately 0.08% of Enerflex worth $820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in shares of Enerflex in the first quarter valued at $130,000. Envestnet Asset Management Inc. purchased a new stake in shares of Enerflex in the first quarter valued at $863,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Enerflex in the first quarter valued at $303,000. TD Asset Management Inc lifted its holdings in shares of Enerflex by 59.8% in the first quarter. TD Asset Management Inc now owns 1,891,990 shares of the company’s stock valued at $14,618,000 after purchasing an additional 708,153 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Enerflex by 21.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company’s stock valued at $302,000 after purchasing an additional 6,793 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Trading Up 3.1%

NYSE EFXT opened at $12.98 on Tuesday. Enerflex Ltd. has a 1-year low of $6.18 and a 1-year high of $13.01. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.58 billion, a PE ratio of 12.48 and a beta of 2.02. The firm’s fifty day simple moving average is $11.03 and its 200-day simple moving average is $8.92.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.42. The business had revenue of $615.00 million for the quarter, compared to the consensus estimate of $555.24 million. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. As a group, sell-side analysts anticipate that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 1.2%. Enerflex’s dividend payout ratio (DPR) is currently 10.58%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EFXT. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Raymond James Financial restated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Wall Street Zen upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Royal Bank Of Canada upped their price target on shares of Enerflex from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.13.

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.