Enerflex Ltd. (NYSE:EFXT) Shares Sold by Taconic Capital Advisors LP

Taconic Capital Advisors LP lessened its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,711,800 shares of the company's stock after selling 60,000 shares during the quarter. Enerflex comprises 6.0% of Taconic Capital Advisors LP's holdings, making the stock its 4th biggest position. Taconic Capital Advisors LP owned 1.38% of Enerflex worth $17,032,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EFXT. Lazard Asset Management LLC bought a new position in shares of Enerflex during the 4th quarter worth approximately $82,000. Quantbot Technologies LP purchased a new stake in Enerflex during the 4th quarter worth approximately $127,000. Barclays PLC grew its position in Enerflex by 2,616,800.0% during the 3rd quarter. Barclays PLC now owns 26,169 shares of the company's stock worth $156,000 after purchasing an additional 26,168 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Enerflex by 8.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock worth $173,000 after purchasing an additional 1,404 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in Enerflex during the 4th quarter worth approximately $185,000. Institutional investors own 46.47% of the company's stock.

Enerflex Stock Performance

Shares of EFXT stock traded up $0.21 during trading hours on Friday, hitting $7.06. The company's stock had a trading volume of 199,443 shares, compared to its average volume of 296,933. The company has a 50 day moving average of $6.99 and a 200 day moving average of $8.37. The stock has a market cap of $875.88 million, a PE ratio of -11.20 and a beta of 2.02. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a 12-month low of $4.60 and a 12-month high of $10.61.

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, beating 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 firm had revenue of $552.00 million during the quarter, compared to analysts' expectations of $583.59 million. On average, sell-side analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on EFXT shares. Royal Bank of Canada dropped their target price on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. CIBC dropped their price objective on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a report on Friday, May 9th.

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.