Enerflex Ltd. (NYSE:EFXT) Short Interest Update

Enerflex Ltd. (NYSE:EFXT) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,620,000 shares, a growth of 11.7% from the August 31st total of 1,450,000 shares. Based on an average daily trading volume, of 143,900 shares, the days-to-cover ratio is currently 11.3 days. Currently, 1.3% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their target price on shares of Enerflex from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th.

Enerflex Price Performance

Shares of EFXT stock traded up $0.08 during midday trading on Tuesday, reaching $6.05. 193,429 shares of the company were exchanged, compared to its average volume of 184,341. Enerflex has a 12 month low of $3.94 and a 12 month high of $6.39. The company has a market cap of $749.85 million, a P/E ratio of -6.78 and a beta of 2.01. The company’s 50 day moving average price is $5.66 and its two-hundred day moving average price is $5.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 1.27.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $554.20 million. Enerflex had a negative net margin of 4.25% and a negative return on equity of 1.86%. On average, sell-side analysts expect that Enerflex will post 0.18 earnings per share for the current year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Thursday, August 22nd will be given a dividend of $0.018 per share. The ex-dividend date is Thursday, August 22nd. This represents a $0.07 annualized dividend and a dividend yield of 1.19%. Enerflex’s dividend payout ratio (DPR) is presently -7.87%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EFXT. TD Asset Management Inc raised its stake in Enerflex by 1.5% during the 4th quarter. TD Asset Management Inc now owns 471,869 shares of the company’s stock worth $2,194,000 after buying an additional 6,862 shares during the period. Scotia Capital Inc. acquired a new stake in shares of Enerflex in the fourth quarter valued at approximately $81,000. Alberta Investment Management Corp acquired a new stake in Enerflex during the fourth quarter worth about $228,000. 1832 Asset Management L.P. raised its holdings in shares of Enerflex by 21.2% during the 4th quarter. 1832 Asset Management L.P. now owns 8,384,700 shares of the company’s stock worth $39,157,000 after buying an additional 1,464,300 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of Enerflex by 7.6% during the fourth quarter. Quadrature Capital Ltd now owns 332,100 shares of the company’s stock worth $1,544,000 after buying an additional 23,600 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

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.