Enerflex (NYSE:EFXT) Trading 2.1% Higher – Still a Buy?

Shares of Enerflex Ltd. (NYSE:EFXT) shot up 2.1% on Monday . The stock traded as high as $9.95 and last traded at $9.91. 79,335 shares were traded during mid-day trading, a decline of 62% from the average session volume of 211,002 shares. The stock had previously closed at $9.71.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price target on Enerflex from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, November 15th.

Enerflex Stock Performance

The company has a 50-day moving average price of $8.42 and a two-hundred day moving average price of $6.64. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $1.25 billion, a P/E ratio of -16.02 and a beta of 2.21.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.0268 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a dividend yield of 1.06%. Enerflex’s dividend payout ratio (DPR) is -17.46%.

Institutional Investors Weigh In On Enerflex

A number of large investors have recently modified their holdings of the stock. TD Asset Management Inc boosted its position in Enerflex by 1.9% during the 2nd quarter. TD Asset Management Inc now owns 152,701 shares of the company’s stock valued at $824,000 after acquiring an additional 2,789 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Enerflex by 3.3% in the third quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company’s stock worth $1,103,000 after purchasing an additional 5,864 shares during the period. Geode Capital Management LLC raised its holdings in Enerflex by 11.2% in the third quarter. Geode Capital Management LLC now owns 61,057 shares of the company’s stock worth $364,000 after purchasing an additional 6,158 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Enerflex by 24.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock valued at $174,000 after buying an additional 6,325 shares during the period. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Enerflex by 15.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company’s stock valued at $455,000 after buying an additional 9,975 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

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.