Enerflex (NYSE:EFXT) Hits New 52-Week High – Here’s What Happened
by Renee Jackson · The Cerbat GemShares of Enerflex Ltd. (NYSE:EFXT – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $16.14 and last traded at $15.71, with a volume of 1814 shares traded. The stock had previously closed at $15.76.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of Enerflex from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.13.
Read Our Latest Report on EFXT
Enerflex Price Performance
The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 14.22 and a beta of 1.99. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $13.10 and a two-hundred day moving average price of $10.46.
Enerflex (NYSE:EFXT – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $777.00 million for the quarter, compared to analyst estimates of $682.88 million. Enerflex had a net margin of 5.43% and a return on equity of 12.35%. As a group, research analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current year.
Enerflex Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a dividend of $0.0425 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, November 17th. Enerflex’s payout ratio is currently 10.91%.
Institutional Trading of Enerflex
Several hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. grew its holdings in Enerflex by 435.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after buying an additional 3,824,093 shares in the last quarter. Millennium Management LLC boosted its position in Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after acquiring an additional 880,358 shares during the period. Man Group plc boosted its position in Enerflex by 433.7% during the 2nd quarter. Man Group plc now owns 1,069,556 shares of the company’s stock worth $8,426,000 after acquiring an additional 869,156 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after purchasing an additional 752,893 shares in the last quarter. Finally, NewGen Equity Long Short Fund bought a new stake in shares of Enerflex during the second quarter valued at about $5,628,000. 46.47% of the stock is currently owned by institutional investors.
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.