Enerflex (NYSE:EFXT) Trading 2.2% Higher

Shares of Enerflex Ltd. (NYSE:EFXT) rose 2.2% on Tuesday . The company traded as high as $5.82 and last traded at $5.81. Approximately 67,752 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 226,963 shares. The stock had previously closed at $5.68.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upgraded Enerflex from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 29th.

Enerflex Stock Up 2.2 %

The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $719.59 million, a P/E ratio of -8.80 and a beta of 2.44. The company has a 50-day moving average of $5.81 and a two-hundred day moving average of $4.98.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.16). Enerflex had a negative net margin of 3.47% and a positive return on equity of 0.11%. The firm had revenue of $574.61 million for the quarter, compared to the consensus estimate of $583.70 million. On average, research analysts predict that Enerflex Ltd. will post 0.46 EPS for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, March 13th will be given a dividend of $0.0184 per share. The ex-dividend date is Tuesday, March 12th. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 1.27%. Enerflex’s payout ratio is currently -10.61%.

Institutional Investors Weigh In On Enerflex

Hedge funds have recently added to or reduced their stakes in the stock. Canoe Financial LP raised its stake in shares of Enerflex by 105.2% in the fourth quarter. Canoe Financial LP now owns 20,393,814 shares of the company’s stock worth $95,239,000 after purchasing an additional 10,454,383 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of Enerflex by 21.2% in the fourth quarter. 1832 Asset Management L.P. now owns 8,384,700 shares of the company’s stock worth $39,157,000 after purchasing an additional 1,464,300 shares during the last quarter. NewGen Asset Management Ltd raised its stake in shares of Enerflex by 19.1% in the fourth quarter. NewGen Asset Management Ltd now owns 2,186,200 shares of the company’s stock worth $10,210,000 after purchasing an additional 350,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Enerflex by 25.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,063,900 shares of the company’s stock worth $6,109,000 after purchasing an additional 213,300 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Enerflex by 24.4% in the third quarter. Fiera Capital Corp now owns 885,692 shares of the company’s stock worth $5,100,000 after purchasing an additional 173,601 shares during the last quarter. 46.47% of the stock is 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.