Quadrature Capital Ltd Cuts Position in Enerflex Ltd. (NYSE:EFXT)

Quadrature Capital Ltd reduced its position in shares of Enerflex Ltd. (NYSE:EFXT) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,400 shares of the company’s stock after selling 67,700 shares during the period. Quadrature Capital Ltd owned about 0.21% of Enerflex worth $1,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Scotia Capital Inc. acquired a new position in Enerflex in the 4th quarter valued at about $81,000. Avidian Wealth Solutions LLC purchased a new stake in Enerflex during the 1st quarter worth approximately $90,000. Aigen Investment Management LP lifted its holdings in Enerflex by 110.3% during the 4th quarter. Aigen Investment Management LP now owns 46,076 shares of the company’s stock worth $213,000 after buying an additional 24,163 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Enerflex in the 4th quarter valued at approximately $228,000. Finally, K.J. Harrison & Partners Inc grew its stake in shares of Enerflex by 67.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 207,700 shares of the company’s stock worth $963,000 after acquiring an additional 83,700 shares in the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Stock Up 0.4 %

Shares of EFXT stock traded up $0.02 on Friday, reaching $5.55. 72,903 shares of the stock were exchanged, compared to its average volume of 100,608. The company has a market capitalization of $688.42 million, a price-to-earnings ratio of -6.24 and a beta of 2.01. The business’s 50 day moving average price is $5.21 and its 200 day moving average price is $5.42. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. Enerflex Ltd. has a twelve month low of $3.94 and a twelve month high of $8.36.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.25). Enerflex had a negative return on equity of 2.47% and a negative net margin of 4.61%. The business had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $574.35 million. As a group, sell-side analysts expect that Enerflex Ltd. will post 0.28 earnings per share for the current fiscal year.

Enerflex Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, May 23rd were issued a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Wednesday, May 22nd. Enerflex’s dividend payout ratio (DPR) is -7.87%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. National Bank Financial cut Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Sunday, June 2nd. Acumen Capital upgraded Enerflex to a “strong-buy” rating in a research note on Saturday, June 1st.

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.