Y Intercept Hong Kong Ltd Makes New Investment in Enerflex Ltd. (NYSE:EFXT)

Y Intercept Hong Kong Ltd bought a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 39,220 shares of the company's stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EFXT. Lazard Asset Management LLC acquired a new stake in Enerflex during the 4th quarter worth approximately $82,000. Bank of New York Mellon Corp acquired a new stake in Enerflex in the first quarter valued at approximately $130,000. TD Waterhouse Canada Inc. grew its position in shares of Enerflex by 8.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock worth $173,000 after buying 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. acquired a new stake in shares of Enerflex during the fourth quarter worth approximately $206,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Stock Performance

Shares of NYSE EFXT traded down $0.21 during midday trading on Friday, reaching $7.78. 328,326 shares of the company traded hands, compared to its average volume of 236,474. Enerflex Ltd. has a 52 week low of $4.73 and a 52 week high of $10.61. The stock has a 50-day moving average price of $7.81 and a 200 day moving average price of $7.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.12 and a quick ratio of 0.83. The company has a market cap of $953.06 million, a price-to-earnings ratio of 13.18 and a beta of 2.00.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. Enerflex had a net margin of 3.18% and a return on equity of 5.23%. The business had revenue of $552.00 million for the quarter, compared to analysts' expectations of $583.59 million. Sell-side analysts anticipate that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 22nd were given a $0.0375 dividend. The ex-dividend date was Wednesday, May 21st. This represents a yield of 151.0%. Enerflex's payout ratio is 18.64%.

Analysts Set New Price Targets

EFXT has been the subject of a number of recent analyst reports. CIBC decreased their price target on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a research report on Friday, May 9th. Royal Bank Of Canada decreased their price objective on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of Enerflex from a "buy" rating to a "hold" rating in a report on Friday, June 27th.

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.