Enerflex Ltd. (NYSE:EFXT) Holdings Decreased by Quadrature Capital Ltd

Quadrature Capital Ltd cut its position in shares of Enerflex Ltd. (NYSE:EFXT) by 20.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 264,400 shares of the company’s stock after selling 67,700 shares during the period. Quadrature Capital Ltd’s holdings in Enerflex were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in EFXT. NewGen Asset Management Ltd grew its holdings in shares of Enerflex by 19.1% during the fourth quarter. NewGen Asset Management Ltd now owns 2,186,200 shares of the company’s stock valued at $10,210,000 after purchasing an additional 350,000 shares during the last quarter. Aigen Investment Management LP grew its stake in Enerflex by 110.3% during the 4th quarter. Aigen Investment Management LP now owns 46,076 shares of the company’s stock worth $213,000 after buying an additional 24,163 shares during the last quarter. 1832 Asset Management L.P. increased its position in 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 buying an additional 1,464,300 shares during the period. Clearbridge Investments LLC acquired a new stake in Enerflex in the fourth quarter worth $2,279,000. Finally, Canoe Financial LP lifted its stake in Enerflex by 105.2% in the fourth quarter. Canoe Financial LP now owns 20,393,814 shares of the company’s stock valued at $95,239,000 after buying an additional 10,454,383 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EFXT shares. Acumen Capital upgraded shares of Enerflex to a “strong-buy” rating in a research report on Saturday, June 1st. National Bank Financial lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Sunday, June 2nd.

Enerflex Stock Performance

Shares of NYSE:EFXT traded up $0.02 on Friday, hitting $5.55. The company’s stock had a trading volume of 72,903 shares, compared to its average volume of 100,608. The company has a market capitalization of $688.42 million, a price-to-earnings ratio of -6.24 and a beta of 2.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.16. Enerflex Ltd. has a 12 month low of $3.94 and a 12 month high of $8.36. The stock’s 50-day moving average is $5.21 and its two-hundred day moving average is $5.42.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.25). The company had revenue of $638.00 million during the quarter, compared to analyst estimates of $574.35 million. Enerflex had a negative return on equity of 2.47% and a negative net margin of 4.61%. On average, equities research analysts forecast that Enerflex Ltd. will post 0.28 EPS for the current year.

Enerflex Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Thursday, May 23rd were issued a $0.018 dividend. This represents a $0.07 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, May 22nd. Enerflex’s dividend payout ratio (DPR) is presently -7.87%.

Enerflex 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.