Enerflex Ltd. $EFXT Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. cut its stake in Enerflex Ltd. (NYSE:EFXT) by 48.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 134,511 shares of the company’s stock after selling 126,313 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Enerflex were worth $3,068,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enerflex during the 2nd quarter valued at $330,515,000. Bank of America Corp DE purchased a new stake in Enerflex during the 2nd quarter worth about $30,569,000. Cibc World Market Inc. bought a new position in Enerflex in the 2nd quarter worth about $15,851,000. The Manufacturers Life Insurance Company bought a new position in Enerflex in the 2nd quarter worth about $12,082,000. Finally, Purpose Unlimited Inc. bought a new position in Enerflex in the 4th quarter worth about $7,051,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EFXT shares. Acumen Capital upgraded Enerflex to a “strong-buy” rating in a research report on Friday, October 2nd. Royal Bank Of Canada increased their price target on shares of Enerflex from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday. Wall Street Zen lowered shares of Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Canadian Imperial Bank of Commerce set a $35.00 price objective on shares of Enerflex and gave the company an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Enerflex Trading Down 4.9%

Enerflex stock opened at $24.52 on Friday. The stock has a market cap of $2.99 billion, a P/E ratio of 23.43 and a beta of 1.80. Enerflex Ltd. has a fifty-two week low of $10.57 and a fifty-two week high of $29.15. The firm’s fifty day moving average price is $22.41 and its 200-day moving average price is $23.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The business had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. Equities research analysts forecast that Enerflex Ltd. will post 1.32 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a dividend of C$0.04 per share. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, August 19th. Enerflex’s payout ratio is presently 27.91%.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.