Canoe Financial LP Has $95.24 Million Position in Enerflex Ltd. (NYSE:EFXT)

Canoe Financial LP boosted its holdings in Enerflex Ltd. (NYSE:EFXT - Free Report) by 105.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,393,814 shares of the company's stock after buying an additional 10,454,383 shares during the period. Canoe Financial LP owned 16.45% of Enerflex worth $95,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EFXT. Simplex Trading LLC raised its position in shares of Enerflex by 12,460.0% in the 3rd quarter. Simplex Trading LLC now owns 4,944 shares of the company's stock worth $28,000 after buying an additional 4,984 shares during the period. Aigen Investment Management LP lifted its stake in shares of Enerflex by 80.7% in the 3rd quarter. Aigen Investment Management LP now owns 21,913 shares of the company's stock valued at $126,000 after purchasing an additional 9,784 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Enerflex by 51.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,978 shares of the company's stock worth $150,000 after purchasing an additional 8,808 shares during the period. Versor Investments LP increased its position in Enerflex by 186.2% during the 3rd quarter. Versor Investments LP now owns 48,414 shares of the company's stock worth $278,000 after purchasing an additional 31,500 shares in the last quarter. Finally, K.J. Harrison & Partners Inc raised its holdings in Enerflex by 259.4% in the third quarter. K.J. Harrison & Partners Inc now owns 124,000 shares of the company's stock valued at $715,000 after buying an additional 89,500 shares during the period. Institutional investors and hedge funds own 46.47% of the company's stock.

Enerflex Stock Down 2.8 %

Shares of NYSE EFXT traded down $0.14 on Friday, hitting $4.95. The company had a trading volume of 455,619 shares, compared to its average volume of 175,313. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. Enerflex Ltd. has a 12-month low of $3.94 and a 12-month high of $8.36. The firm has a market capitalization of $613.75 million, a P/E ratio of -5.56 and a beta of 2.20. The business has a 50 day moving average of $5.92 and a two-hundred day moving average of $5.12.

Enerflex (NYSE:EFXT - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16). Enerflex had a negative return on equity of 2.42% and a negative net margin of 4.61%. The company had revenue of $574.61 million for the quarter, compared to analyst estimates of $583.70 million. As a group, equities research analysts forecast that Enerflex Ltd. will post 0.32 earnings per share for the current fiscal year.

Enerflex Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, May 23rd will be paid a $0.018 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.07 annualized dividend and a dividend yield of 1.45%. Enerflex's dividend payout ratio (DPR) is presently -7.87%.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded shares of Enerflex from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 29th.

About Enerflex

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.