57,713 Shares in Enerflex Ltd. $EFXT Purchased by State of Wyoming

Key Points

• The State of Wyoming acquired 57,713 shares of Enerflex Ltd. valued at approximately $446,000 in the first quarter, signifying institutional interest in the stock.
• Enerflex recently increased its quarterly dividend to $0.0375 per share, representing an annualized yield of 1.5%, reflecting positive cash flow and financial health.
• The company's stock price opened at $10.08 with a market capitalization of $1.23 billion, and analysts have a consensus rating of "Moderate Buy" with an average target price of $11.13.

State of Wyoming acquired a new position in Enerflex Ltd. (NYSE:EFXT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,713 shares of the company's stock, valued at approximately $446,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Enerflex by 1,046.0% in the fourth quarter. Bank of America Corp DE now owns 391,211 shares of the company's stock worth $3,893,000 after purchasing an additional 357,073 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Enerflex during the first quarter worth approximately $348,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Enerflex during the fourth quarter worth approximately $401,000. Lazard Asset Management LLC bought a new stake in shares of Enerflex during the fourth quarter worth approximately $82,000. Finally, Millennium Management LLC raised its stake in shares of Enerflex by 1,158.8% during the fourth quarter. Millennium Management LLC now owns 250,786 shares of the company's stock worth $2,495,000 after buying an additional 230,864 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Price Performance

Enerflex stock opened at $10.08 on Friday. The firm has a market capitalization of $1.23 billion, a P/E ratio of 9.70 and a beta of 2.00. Enerflex Ltd. has a 1 year low of $5.29 and a 1 year high of $10.61. The business has a 50-day moving average of $8.52 and a 200-day moving average of $7.78. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65.

Enerflex (NYSE:EFXT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.42. Enerflex had a return on equity of 10.21% and a net margin of 5.54%.The company had revenue of $615.00 million during the quarter, compared to analyst estimates of $555.24 million. On average, equities analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a $0.0375 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.15 annualized dividend and a dividend yield of 1.5%. This is a boost from Enerflex's previous quarterly dividend of $0.03. Enerflex's payout ratio is presently 10.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets reissued an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Royal Bank Of Canada boosted their price target on shares of Enerflex from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Raymond James Financial reissued an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. CIBC decreased their target price on Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a research report on Friday, May 9th. Finally, Wall Street Zen upgraded Enerflex from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Enerflex presently has a consensus rating of "Moderate Buy" and an average target price of $11.13.

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.

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