Enerflex (NYSE:EFXT) Trading Down 3.3% – Should You Sell?

Enerflex Ltd. (NYSE:EFXT)’s share price traded down 3.3% during mid-day trading on Thursday . The company traded as low as $15.11 and last traded at $15.1460. 76,887 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 429,378 shares. The stock had previously closed at $15.67.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Enerflex from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Royal Bank Of Canada upped their price target on shares of Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Zacks Research cut Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.13.

Enerflex Price Performance

The stock’s fifty day moving average price is $13.18 and its 200-day moving average price is $10.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 13.28 and a beta of 1.99.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $777.00 million for the quarter, compared to analysts’ expectations of $682.88 million. Enerflex had a return on equity of 12.35% and a net margin of 5.43%. Equities research analysts predict that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.0425 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, November 17th. Enerflex’s dividend payout ratio is 10.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in shares of Enerflex by 29.0% during the 2nd quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after acquiring an additional 466,535 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Enerflex by 43.6% during the second quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock worth $1,303,000 after acquiring an additional 50,193 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Enerflex during the second quarter valued at about $1,718,000. NewGen Equity Long Short Fund bought a new stake in shares of Enerflex in the 2nd quarter worth approximately $5,628,000. Finally, American Century Companies Inc. lifted its position in Enerflex by 131.8% in the first quarter. American Century Companies Inc. now owns 126,293 shares of the company’s stock worth $976,000 after purchasing an additional 71,815 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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.