Enerflex (NYSE:EFXT) Shares Down 1.8% – Here’s What Happened

Enerflex Ltd. (NYSE:EFXT) shares dropped 1.8% during trading on Wednesday . The company traded as low as $9.06 and last traded at $9.09. Approximately 247,569 shares changed hands during trading, a decline of 40% from the average daily volume of 414,246 shares. The stock had previously closed at $9.25.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price target on Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, November 15th.

Enerflex Trading Down 1.8 %

The company has a market capitalization of $1.13 billion, a P/E ratio of -14.42 and a beta of 2.01. The business has a 50 day moving average price of $9.79 and a 200 day moving average price of $7.83. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79.

Institutional Investors Weigh In On Enerflex

Several large investors have recently bought and sold shares of EFXT. Toronto Dominion Bank bought a new position in shares of Enerflex during the fourth quarter worth $208,000. Two Sigma Advisers LP raised its stake in Enerflex by 74.4% during the 4th quarter. Two Sigma Advisers LP now owns 484,344 shares of the company’s stock worth $4,819,000 after buying an additional 206,559 shares during the period. Two Sigma Investments LP lifted its holdings in Enerflex by 263.9% during the fourth quarter. Two Sigma Investments LP now owns 659,690 shares of the company’s stock worth $6,564,000 after acquiring an additional 478,407 shares in the last quarter. Millennium Management LLC grew its stake in Enerflex by 1,158.8% in the fourth quarter. Millennium Management LLC now owns 250,786 shares of the company’s stock valued at $2,495,000 after acquiring an additional 230,864 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Enerflex in the fourth quarter worth about $82,000. Institutional investors own 46.47% of the company’s stock.

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.