Two Sigma Advisers LP Buys 206,559 Shares of Enerflex Ltd. (NYSE:EFXT)

Two Sigma Advisers LP increased its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 74.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 484,344 shares of the company's stock after purchasing an additional 206,559 shares during the quarter. Two Sigma Advisers LP owned 0.39% of Enerflex worth $4,819,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in Enerflex during the fourth quarter valued at about $82,000. Quantbot Technologies LP purchased a new stake in Enerflex in the 4th quarter worth about $127,000. TD Waterhouse Canada Inc. grew its stake in Enerflex by 8.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock valued at $173,000 after acquiring an additional 1,404 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Enerflex during the fourth quarter worth approximately $185,000. Finally, Scotia Capital Inc. purchased a new position in shares of Enerflex during the 4th quarter valued at $206,000. 46.47% of the stock is currently owned by institutional investors.

Enerflex Trading Down 2.1%

EFXT traded down $0.15 during midday trading on Friday, hitting $7.03. 27,379 shares of the company were exchanged, compared to its average volume of 296,659. The firm's 50 day moving average price is $6.96 and its 200-day moving average price is $8.36. Enerflex Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61. The firm has a market capitalization of $872.65 million, a P/E ratio of -11.20 and a beta of 2.02. 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 (NYSE:EFXT - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $552.00 million for the quarter, compared to analysts' expectations of $583.59 million. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%. As a group, equities analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Announces Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on EFXT. CIBC lowered their target price on 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 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.