Aristides Capital LLC Makes New $262,000 Investment in Enerflex Ltd. (NYSE:EFXT)

Aristides Capital LLC purchased a new stake in shares of Enerflex Ltd. (NYSE:EFXT) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 48,540 shares of the company’s stock, valued at approximately $262,000.

A number of other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in shares of Enerflex by 17,674.4% during the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after acquiring an additional 15,200 shares during the period. Avidian Wealth Solutions LLC purchased a new position in Enerflex during the first quarter valued at $90,000. Scotia Capital Inc. bought a new position in shares of Enerflex in the 4th quarter worth about $81,000. Fiera Capital Corp lifted its position in Enerflex by 117.0% during the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after acquiring an additional 13,390 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enerflex by 24.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after acquiring an additional 6,325 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $5.96 on Tuesday. The business has a fifty day moving average price of $5.66 and a 200-day moving average price of $5.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 0.93. The company has a market capitalization of $739.31 million, a PE ratio of -6.70 and a beta of 2.01. Enerflex Ltd. has a 1-year low of $3.94 and a 1-year high of $6.39.

Enerflex (NYSE:EFXT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $614.00 million for the quarter, compared to the consensus estimate of $554.20 million. Enerflex had a negative net margin of 4.25% and a negative return on equity of 1.86%. As a group, equities analysts expect that Enerflex Ltd. will post 0.18 EPS for the current fiscal year.

Enerflex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Thursday, August 22nd will be issued a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, August 22nd. Enerflex’s payout ratio is -7.87%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their target price on shares of Enerflex from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, August 9th.

Enerflex Company Profile

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.