NewGen Asset Management Ltd Purchases 73,400 Shares of Enerflex Ltd. $EFXT

NewGen Asset Management Ltd increased its position in Enerflex Ltd. (NYSE:EFXT) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 786,744 shares of the company’s stock after buying an additional 73,400 shares during the period. Enerflex accounts for 7.5% of NewGen Asset Management Ltd’s portfolio, making the stock its 4th largest holding. NewGen Asset Management Ltd owned 0.65% of Enerflex worth $12,133,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new position in Enerflex during the fourth quarter valued at approximately $31,000. Plato Investment Management Ltd raised its position in shares of Enerflex by 399.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after purchasing an additional 3,730 shares during the period. SG Americas Securities LLC bought a new position in shares of Enerflex in the fourth quarter valued at approximately $119,000. D Orazio & Associates Inc. raised its position in shares of Enerflex by 14.8% in the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after purchasing an additional 1,497 shares during the period. Finally, Shelton Capital Management bought a new position in shares of Enerflex in the third quarter valued at approximately $136,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EFXT shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $28.00 price target on shares of Enerflex in a research report on Friday, May 8th. Raymond James Financial lifted their price target on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Royal Bank Of Canada lifted their price target on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. TD Securities reissued a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.33.

Enerflex Trading Down 1.2%

Shares of Enerflex stock opened at $24.01 on Tuesday. The company’s fifty day simple moving average is $25.07 and its 200-day simple moving average is $20.40. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 35.84 and a beta of 1.83. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. Enerflex Ltd. has a 1 year low of $7.54 and a 1 year high of $29.15.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. The business had revenue of $584.00 million for the quarter, compared to the consensus estimate of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. As a group, sell-side analysts expect that Enerflex Ltd. will post 1.66 EPS for the current year.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a $0.0425 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is presently 19.40%.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.