Aristides Capital LLC Purchases New Shares in Enerflex Ltd. $EFXT

Aristides Capital LLC acquired a new stake in Enerflex Ltd. (NYSE:EFXT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 28,574 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. D Orazio & Associates Inc. acquired a new position in shares of Enerflex in the second quarter valued at about $80,000. Vise Technologies Inc. acquired a new position in shares of Enerflex during the 2nd quarter worth approximately $85,000. Kathmere Capital Management LLC bought a new position in shares of Enerflex during the third quarter worth approximately $152,000. 111 Capital bought a new position in shares of Enerflex during the third quarter worth approximately $164,000. Finally, NewEdge Advisors LLC raised its position in shares of Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Trading Down 3.2%

Shares of EFXT opened at $21.05 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13. Enerflex Ltd. has a 52-week low of $6.18 and a 52-week high of $23.82. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 41.27 and a beta of 1.84. The business’s fifty day moving average is $18.48 and its 200-day moving average is $14.59.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be given a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, March 11th. Enerflex’s payout ratio is currently 23.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EFXT shares. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Enerflex in a research note on Thursday, January 15th. Finally, Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.63.

About Enerflex

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.