Cubist Systematic Strategies LLC Invests $546,000 in Enerflex Ltd. (NYSE:EFXT)

Cubist Systematic Strategies LLC acquired a new position in Enerflex Ltd. (NYSE:EFXT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 54,908 shares of the company's stock, valued at approximately $546,000.

Several other hedge funds have also recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in Enerflex in the fourth quarter worth $127,000. Barclays PLC raised its stake in Enerflex by 2,616,800.0% during the 3rd quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after buying an additional 26,168 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Enerflex by 8.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock valued at $173,000 after acquiring an additional 1,404 shares during the period. ExodusPoint Capital Management LP bought a new position in shares of Enerflex in the 4th quarter worth approximately $185,000. Finally, Scotia Capital Inc. purchased a new position in shares of Enerflex during the 4th quarter worth $206,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Stock Performance

Shares of EFXT traded down $0.07 during trading hours on Wednesday, hitting $6.97. The stock had a trading volume of 11,438 shares, compared to its average volume of 292,007. The firm has a 50-day moving average price of $7.03 and a 200 day moving average price of $8.38. Enerflex Ltd. has a fifty-two week low of $4.60 and a fifty-two week high of $10.61. The firm has a market capitalization of $865.33 million, a price-to-earnings ratio of -11.13 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 (NYSE:EFXT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $583.59 million. As a group, research analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.0375 per share. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, May 21st. Enerflex's payout ratio is 16.95%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EFXT. Royal Bank of Canada cut their target price on Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. CIBC decreased their target price 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 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.