Enerflex Ltd. $EFXT Shares Acquired by Versor Investments LP

Key Points

• Versor Investments LP significantly increased its stake in Enerflex Ltd. by 256.7% after acquiring an additional 67,500 shares, bringing its total ownership to 93,800 shares valued at approximately $725,000.
• Analysts are optimistic about Enerflex, with ratings ranging from "outperform" to "strong-buy," and an average price target of $11.13, reflecting confidence in the company’s potential.
• Enerflex recently declared an increased quarterly dividend of $0.0375 per share, up from the previous dividend of $0.03, indicating a commitment to returning value to its shareholders.

Versor Investments LP boosted its position in Enerflex Ltd. (NYSE:EFXT - Free Report) by 256.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,800 shares of the company's stock after buying an additional 67,500 shares during the period. Versor Investments LP owned approximately 0.08% of Enerflex worth $725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EFXT. TD Waterhouse Canada Inc. increased 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 period. Geode Capital Management LLC increased its position in Enerflex by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 63,885 shares of the company's stock worth $642,000 after purchasing an additional 2,828 shares during the period. Northwest & Ethical Investments L.P. increased its position in Enerflex by 2.2% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 204,109 shares of the company's stock worth $1,578,000 after purchasing an additional 4,486 shares during the period. Barclays PLC increased its position in Enerflex by 20.3% during the 4th quarter. Barclays PLC now owns 31,481 shares of the company's stock worth $314,000 after purchasing an additional 5,312 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Enerflex by 21.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company's stock worth $302,000 after purchasing an additional 6,793 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EFXT has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Enerflex from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Raymond James Financial reiterated an "outperform" rating on shares of Enerflex in a research report on Friday, August 8th. Wall Street Zen upgraded Enerflex from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. CIBC dropped their target price on Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Enerflex currently has a consensus rating of "Moderate Buy" and an average target price of $11.13.

Enerflex Trading Up 1.3%

EFXT traded up $0.1310 during trading on Friday, hitting $9.8510. The company's stock had a trading volume of 561,862 shares, compared to its average volume of 618,296. The firm's 50 day moving average price is $8.32 and its 200-day moving average price is $7.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88. The stock has a market cap of $1.20 billion, a PE ratio of 9.47 and a beta of 2.00. Enerflex Ltd. has a twelve month low of $5.29 and a twelve month high of $10.61.

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

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Enerflex's previous quarterly dividend of $0.03. Enerflex's dividend payout ratio is presently 10.58%.

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.