Neuberger Berman Group LLC Raises Position in Enerflex Ltd. $EFXT

Neuberger Berman Group LLC lifted its stake in Enerflex Ltd. (NYSE:EFXT) by 78.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 119,321 shares of the company’s stock after purchasing an additional 52,433 shares during the quarter. Neuberger Berman Group LLC’s holdings in Enerflex were worth $940,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EFXT. Millennium Management LLC lifted its position in Enerflex by 351.0% in the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after buying an additional 880,358 shares during the last quarter. Man Group plc increased its position in Enerflex by 433.7% during the second quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after acquiring an additional 869,156 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after acquiring an additional 752,893 shares during the period. NewGen Equity Long Short Fund purchased a new position in shares of Enerflex during the 2nd quarter worth about $5,628,000. Finally, Acadian Asset Management LLC grew its holdings in Enerflex by 61.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,606,125 shares of the company’s stock valued at $12,395,000 after purchasing an additional 612,549 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 0.8%

Shares of NYSE:EFXT opened at $15.76 on Monday. The business’s 50 day moving average is $12.93 and its 200 day moving average is $10.34. The stock has a market cap of $1.92 billion, a P/E ratio of 14.33 and a beta of 1.99. Enerflex Ltd. has a 52-week low of $6.18 and a 52-week high of $16.01. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Enerflex had a net margin of 5.43% and a return on equity of 12.35%. The firm had revenue of $777.00 million for the quarter, compared to the consensus estimate of $682.88 million. Sell-side analysts predict that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 1.1%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, November 17th. Enerflex’s payout ratio is currently 10.91%.

Analyst Ratings Changes

EFXT has been the subject of several analyst reports. Wall Street Zen raised shares of Enerflex from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Zacks Research lowered Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.13.

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.