Enerflex Ltd. (NYSE:EFXT) Short Interest Update

Enerflex Ltd. (NYSE:EFXT) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 1,390,000 shares, a decline of 10.3% from the October 15th total of 1,550,000 shares. Based on an average daily volume of 156,500 shares, the short-interest ratio is presently 8.9 days. Approximately 1.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased their target price on shares of Enerflex from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in shares of Enerflex by 17,674.4% in the 2nd 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. West Tower Group LLC purchased a new position in Enerflex in the third quarter valued at $119,000. Fiera Capital Corp raised its stake in Enerflex by 117.0% in the second quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after buying an additional 13,390 shares in the last quarter. Net Worth Advisory Group purchased a new stake in Enerflex during the 3rd quarter worth about $146,000. Finally, Barclays PLC boosted its position in shares of Enerflex by 2,616,800.0% during the 3rd quarter. Barclays PLC now owns 26,169 shares of the company’s stock worth $156,000 after acquiring an additional 26,168 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Down 0.6 %

EFXT stock traded down $0.05 during mid-day trading on Tuesday, reaching $8.79. The company had a trading volume of 459,874 shares, compared to its average volume of 184,763. The firm has a fifty day simple moving average of $6.43 and a 200 day simple moving average of $5.75. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -14.03 and a beta of 1.89. Enerflex has a fifty-two week low of $4.01 and a fifty-two week high of $8.96.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be issued a $0.0268 dividend. This is a boost from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 annualized dividend and a yield of 1.22%. Enerflex’s dividend payout ratio (DPR) is -11.11%.

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.