645,992 Shares in Enerflex Ltd. $EFXT Purchased by Cibc World Market Inc.

Key Points

• CIBC World Markets purchased 645,992 Enerflex shares in the second quarter, valued at approximately $15.85 million, giving it a 0.53% stake. Institutional investors collectively own 46.47% of the company.
• Enerflex reported quarterly earnings of $0.25 per share and revenue of $582 million, missing analyst estimates of $0.31 and $606.78 million, respectively. The stock opened at $19.72, well below its 52-week high of $29.15.
• The company declared a quarterly dividend of $0.0425 per share, equivalent to a 0.9% annual yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $35.17.

Cibc World Market Inc. bought a new stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 645,992 shares of the company's stock, valued at approximately $15,851,000. Cibc World Market Inc. owned approximately 0.53% of Enerflex as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in EFXT. Financial Management Professionals Inc. bought a new position in Enerflex during the 2nd quarter valued at approximately $30,000. Smartleaf Asset Management LLC purchased a new position in shares of Enerflex in the 4th quarter worth about $31,000. Plato Investment Management Ltd boosted its stake in Enerflex by 399.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company's stock worth $72,000 after purchasing an additional 3,730 shares in the last quarter. Deutsche Bank AG purchased a new stake in Enerflex during the 2nd quarter valued at about $158,000. Finally, Gunderson Capital Management LLC bought a new stake in Enerflex during the 1st quarter valued at about $203,000. 46.47% of the stock is owned by institutional investors.

Enerflex Stock Performance

EFXT stock opened at $19.72 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. Enerflex Ltd. has a 1 year low of $9.64 and a 1 year high of $29.15. The company has a market cap of $2.41 billion, a P/E ratio of 45.87 and a beta of 1.86. The stock's fifty day moving average price is $22.84 and its 200-day moving average price is $22.92.

Enerflex (NYSE:EFXT - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.06). The firm had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. On average, equities analysts forecast that Enerflex Ltd. will post 1.34 earnings per share for the current year.

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.0425 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.9%. Enerflex's dividend payout ratio (DPR) is presently 27.91%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EFXT shares. Canadian Imperial Bank of Commerce set a $27.50 target price on shares of Enerflex in a research note on Monday, August 10th. Raymond James Financial lifted their target price on Enerflex from $45.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, May 28th. Royal Bank Of Canada upped their price target on Enerflex from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, May 28th. Wall Street Zen downgraded Enerflex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, National Bank Financial raised Enerflex from a "sector perform" rating to an "outperform" rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.17.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.

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