Millennium Management LLC Buys 230,864 Shares of Enerflex Ltd. (NYSE:EFXT)

Millennium Management LLC grew its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 1,158.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 250,786 shares of the company's stock after buying an additional 230,864 shares during the quarter. Millennium Management LLC owned 0.20% of Enerflex worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EFXT. CIBC Asset Management Inc purchased a new stake in shares of Enerflex during the fourth quarter valued at approximately $1,364,000. K.J. Harrison & Partners Inc grew its holdings in shares of Enerflex by 100.4% during the fourth quarter. K.J. Harrison & Partners Inc now owns 471,919 shares of the company's stock valued at $4,795,000 after buying an additional 236,419 shares during the last quarter. Versor Investments LP purchased a new stake in Enerflex in the fourth quarter worth approximately $262,000. Plato Investment Management Ltd purchased a new stake in Enerflex in the fourth quarter worth approximately $767,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enerflex in the fourth quarter worth approximately $43,935,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EFXT shares. CIBC dropped their target price 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. 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 report on Thursday, April 17th.

Enerflex Stock Performance

Shares of Enerflex stock traded down $0.04 on Wednesday, hitting $7.45. 296,515 shares of the company's stock were exchanged, compared to its average volume of 299,503. The company has a 50-day simple moving average of $6.92 and a 200-day simple moving average of $8.35. The stock has a market capitalization of $924.92 million, a PE ratio of -11.83 and a beta of 2.02. Enerflex Ltd. has a 1 year low of $4.73 and a 1 year high of $10.61. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $552.00 million for the quarter, compared to analysts' expectations of $583.59 million. Enerflex had a negative net margin of 3.15% and a negative return on equity of 1.25%. As a group, equities analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Announces Dividend

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

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.