Cubist Systematic Strategies LLC Takes Position in Enerflex Ltd. (NYSE:EFXT)

Cubist Systematic Strategies LLC purchased a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 54,908 shares of the company's stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EFXT. Hillsdale Investment Management Inc. grew its holdings in shares of Enerflex by 3,307.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company's stock valued at $48,685,000 after purchasing an additional 4,752,201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enerflex in the fourth quarter valued at approximately $43,935,000. Canoe Financial LP grew its holdings in shares of Enerflex by 10.2% in the fourth quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock valued at $82,342,000 after purchasing an additional 768,210 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Enerflex in the fourth quarter valued at approximately $5,871,000. Finally, National Bank of Canada FI acquired a new position in shares of Enerflex in the fourth quarter valued at approximately $4,495,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EFXT has been the subject of a number of research reports. CIBC dropped their price objective on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a report on Friday, May 9th. Royal Bank of Canada lowered their price target on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, April 17th.

Enerflex Trading Down 0.6%

NYSE EFXT opened at $7.15 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a 52 week low of $4.60 and a 52 week high of $10.61. The stock has a market capitalization of $887.67 million, a PE ratio of -11.35 and a beta of 2.02. The firm has a 50 day moving average of $7.04 and a two-hundred day moving average of $8.35.

Enerflex (NYSE:EFXT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.19 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 company had revenue of $552.00 million during the quarter, compared to analysts' expectations of $583.59 million. As a group, research analysts expect that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.026 per share. The ex-dividend date was Monday, March 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.45%. Enerflex's dividend payout ratio is presently 16.95%.

Enerflex 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.

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