Enerflex Ltd. (NYSE:EFXT) Short Interest Update

Enerflex Ltd. (NYSE:EFXT) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 893,600 shares, a drop of 10.3% from the March 31st total of 996,000 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 265,800 shares, the short-interest ratio is presently 3.4 days.

Institutional Trading of Enerflex

Hedge funds and other institutional investors have recently bought and sold shares of the business. Canoe Financial LP raised its position in shares of Enerflex by 105.2% in the 4th 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 in the last quarter. 1832 Asset Management L.P. grew its holdings in Enerflex by 21.2% during the 4th quarter. 1832 Asset Management L.P. now owns 8,384,700 shares of the company’s stock worth $39,157,000 after acquiring an additional 1,464,300 shares during the last quarter. NewGen Asset Management Ltd boosted its stake in shares of Enerflex by 19.1% in the 4th 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. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Enerflex by 25.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,063,900 shares of the company’s stock valued at $6,109,000 after purchasing an additional 213,300 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Enerflex by 24.4% during the third quarter. Fiera Capital Corp now owns 885,692 shares of the company’s stock worth $5,100,000 after acquiring an additional 173,601 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upgraded shares of Enerflex from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th.

Enerflex Stock Down 3.2 %

Shares of EFXT stock opened at $5.85 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. Enerflex has a 1 year low of $3.94 and a 1 year high of $8.36. The firm’s fifty day moving average price is $5.90 and its two-hundred day moving average price is $5.05. The firm has a market capitalization of $724.55 million, a P/E ratio of -8.86 and a beta of 2.44.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). The firm had revenue of $574.61 million during the quarter, compared to the consensus estimate of $583.70 million. Enerflex had a negative net margin of 3.47% and a positive return on equity of 0.11%. On average, equities analysts predict that Enerflex will post 0.46 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, March 13th will be issued a dividend of $0.0184 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, March 12th. This represents a $0.07 annualized dividend and a dividend yield of 1.26%. Enerflex’s payout ratio is presently -10.61%.

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.