Enerflex Ltd. (NYSE:EFXT) Short Interest Down 10.3% in April

Enerflex Ltd. (NYSE:EFXT) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 893,600 shares, a decrease of 10.3% from the March 31st total of 996,000 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 265,800 shares, the days-to-cover ratio is currently 3.4 days.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $5.96 on Monday. The firm’s 50 day moving average is $5.87 and its two-hundred day moving average is $5.02. Enerflex has a 52 week low of $3.94 and a 52 week high of $8.36. The firm has a market capitalization of $738.80 million, a P/E ratio of -9.03 and a beta of 2.43. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Enerflex (NYSE:EFXT) last announced 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 net margin of 3.47% and a positive return on equity of 0.11%. The firm had revenue of $574.61 million during the quarter, compared to analyst estimates of $583.70 million. Analysts anticipate that Enerflex will post 0.46 earnings per share for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, March 13th will be paid a $0.0184 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.07 annualized dividend and a dividend yield of 1.23%. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio (DPR) is presently -10.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank boosted its holdings in shares of Enerflex by 1.9% in the third quarter. Swiss National Bank now owns 260,800 shares of the company’s stock valued at $1,510,000 after acquiring an additional 4,900 shares in the last quarter. Simplex Trading LLC boosted its holdings in shares of Enerflex by 12,460.0% in the third quarter. Simplex Trading LLC now owns 4,944 shares of the company’s stock valued at $28,000 after acquiring an additional 4,984 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Enerflex by 1.5% in the fourth quarter. TD Asset Management Inc now owns 471,869 shares of the company’s stock valued at $2,194,000 after acquiring an additional 6,862 shares in the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Enerflex by 8.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 103,060 shares of the company’s stock valued at $477,000 after acquiring an additional 7,843 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Enerflex by 51.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,978 shares of the company’s stock valued at $150,000 after acquiring an additional 8,808 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

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.

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.