Enerflex Ltd. (NYSE:EFXT) Short Interest Update

Enerflex Ltd. (NYSE:EFXT) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,740,000 shares, an increase of 7.4% from the September 15th total of 1,620,000 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average trading volume of 158,100 shares, the short-interest ratio is currently 11.0 days.

Enerflex Trading Up 0.1 %

Enerflex stock opened at $6.53 on Friday. Enerflex has a 12 month low of $3.94 and a 12 month high of $6.82. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92. The business’s fifty day simple moving average is $5.94 and its two-hundred day simple moving average is $5.61. The company has a market capitalization of $809.39 million, a price-to-earnings ratio of -7.33 and a beta of 2.01.

Enerflex (NYSE:EFXT) last issued its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Enerflex had a negative return on equity of 1.86% and a negative net margin of 4.25%. The firm had revenue of $614.00 million during the quarter, compared to analysts’ expectations of $554.20 million. As a group, equities analysts predict that Enerflex will post 0.18 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Thursday, August 22nd were given a $0.018 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.07 annualized dividend and a yield of 1.10%. Enerflex’s dividend payout ratio (DPR) is presently -7.87%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price objective on shares of Enerflex from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, August 9th.

Institutional Trading of Enerflex

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in shares of Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after purchasing an additional 15,200 shares in the last quarter. Avidian Wealth Solutions LLC bought a new position in Enerflex during the 1st quarter valued at about $90,000. Fiera Capital Corp boosted its holdings in shares of Enerflex by 117.0% during the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after acquiring an additional 13,390 shares during the last quarter. Net Worth Advisory Group purchased a new stake in shares of Enerflex during the 3rd quarter valued at about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Enerflex by 24.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after acquiring an additional 6,325 shares during the period. 46.47% of the stock is currently owned by hedge funds and other 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.