Versor Investments LP Purchases 67,500 Shares of Enerflex Ltd. $EFXT

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 raised its stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 256.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 93,800 shares of the company's stock after purchasing 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 modified their holdings of the business. Northwest & Ethical Investments L.P. boosted its stake in shares of Enerflex by 2.2% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 204,109 shares of the company's stock worth $1,578,000 after buying an additional 4,486 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Enerflex by 131.8% in the 1st quarter. American Century Companies Inc. now owns 126,293 shares of the company's stock worth $976,000 after buying an additional 71,815 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Enerflex in the 1st quarter worth approximately $517,000. Russell Investments Group Ltd. boosted its stake in shares of Enerflex by 13.9% in the 1st quarter. Russell Investments Group Ltd. now owns 63,920 shares of the company's stock worth $494,000 after buying an additional 7,797 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Enerflex in the 1st quarter worth approximately $840,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EFXT. Raymond James Financial restated an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. CIBC lowered their price target 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 lifted their price target on shares of Enerflex from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. Finally, Wall Street Zen raised shares of Enerflex from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Enerflex presently has an average rating of "Moderate Buy" and an average price target of $11.13.

Enerflex Price Performance

Shares of EFXT stock traded up $0.1310 during trading hours on Friday, reaching $9.8510. The stock had a trading volume of 561,862 shares, compared to its average volume of 410,577. The stock's fifty day simple moving average is $8.28 and its 200 day simple moving average is $7.77. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. Enerflex Ltd. has a 12 month low of $5.29 and a 12 month high of $10.61. The firm has a market capitalization of $1.20 billion, a PE ratio of 9.47 and a beta of 2.00.

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

Enerflex Increases Dividend

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

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.