Letko Brosseau & Associates Inc. decreased its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,415,261 shares of the company's stock after selling 208,150 shares during the period. Letko Brosseau & Associates Inc. owned about 5.17% of Enerflex worth $63,831,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of EFXT. Quantbot Technologies LP acquired a new stake in Enerflex in the 4th quarter valued at about $127,000. Barclays PLC raised its position in Enerflex by 2,616,800.0% in the 3rd quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after purchasing an additional 26,168 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Enerflex by 8.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock valued at $173,000 after purchasing an additional 1,404 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in Enerflex in the 4th quarter valued at about $185,000. Finally, Scotia Capital Inc. acquired a new stake in shares of Enerflex during the 4th quarter worth about $206,000. Institutional investors and hedge funds own 46.47% of the company's stock.
Wall Street Analyst Weigh In
EFXT has been the topic of several research analyst reports. CIBC cut 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. Royal Bank of Canada cut their target price on Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th.
Get Our Latest Stock Analysis on Enerflex
Enerflex Stock Performance
NYSE:EFXT traded down $0.04 during mid-day trading on Friday, reaching $7.10. 358,578 shares of the stock were exchanged, compared to its average volume of 291,909. The company has a 50 day simple moving average of $7.03 and a 200-day simple moving average of $8.36. The stock has a market capitalization of $881.22 million, a P/E ratio of -11.27 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 Ltd. has a 1 year low of $4.60 and a 1 year high of $10.61.
Enerflex (NYSE:EFXT - Get Free Report) last released its quarterly 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. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%. The firm had revenue of $552.00 million for the quarter, compared to the consensus estimate of $583.59 million. Analysts anticipate that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.
Enerflex Announces Dividend
The business also recently announced a dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 22nd will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 1.51%. Enerflex's dividend payout ratio (DPR) is currently 16.95%.
Enerflex Profile
(
Free Report)
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.
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