Enerflex (NYSE:EFXT) Trading Up 3% on Analyst Upgrade

Enerflex Ltd. (NYSE:EFXT)’s share price was up 3% on Friday after Royal Bank of Canada raised their price target on the stock from $9.00 to $12.00. Royal Bank of Canada currently has an outperform rating on the stock. Enerflex traded as high as $8.28 and last traded at $8.23. Approximately 54,048 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 180,164 shares. The stock had previously closed at $7.99.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EFXT. 1832 Asset Management L.P. raised its stake in Enerflex by 16.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 10,336,900 shares of the company’s stock valued at $55,819,000 after acquiring an additional 1,435,900 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Enerflex by 57.9% in the second quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock valued at $23,631,000 after acquiring an additional 1,606,236 shares in the last quarter. Taconic Capital Advisors LP boosted its stake in Enerflex by 35.6% during the third quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock valued at $10,559,000 after buying an additional 465,000 shares in the last quarter. PCJ Investment Counsel Ltd. boosted its stake in shares of Enerflex by 14.1% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock worth $7,376,000 after acquiring an additional 152,990 shares in the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its position in shares of Enerflex by 3.0% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,036,274 shares of the company’s stock valued at $6,175,000 after purchasing an additional 29,830 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Enerflex Price Performance

The stock has a 50 day moving average of $6.38 and a two-hundred day moving average of $5.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a market cap of $1.04 billion, a PE ratio of -10.07 and a beta of 1.89.

About Enerflex

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.