Potomac Capital Management Inc. Acquires Shares of 128,400 Enerflex Ltd. $EFXT

Potomac Capital Management Inc. acquired a new stake in shares of Enerflex Ltd. (NYSE:EFXT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 128,400 shares of the company’s stock, valued at approximately $1,981,000. Enerflex comprises 1.6% of Potomac Capital Management Inc.’s holdings, making the stock its 18th largest position. Potomac Capital Management Inc. owned about 0.11% of Enerflex at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in shares of Enerflex by 0.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock valued at $1,696,000 after buying an additional 1,035 shares during the last quarter. D Orazio & Associates Inc. raised its stake in shares of Enerflex by 9.6% during the 4th quarter. D Orazio & Associates Inc. now owns 12,690 shares of the company’s stock valued at $196,000 after buying an additional 1,110 shares during the last quarter. State of Wyoming raised its stake in shares of Enerflex by 11.4% during the 4th quarter. State of Wyoming now owns 22,679 shares of the company’s stock valued at $350,000 after buying an additional 2,319 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Enerflex by 2.5% during the 2nd quarter. Lazard Asset Management LLC now owns 101,048 shares of the company’s stock valued at $797,000 after buying an additional 2,468 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in shares of Enerflex by 19.0% during the 3rd quarter. Scotia Capital Inc. now owns 16,503 shares of the company’s stock valued at $176,000 after buying an additional 2,633 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of Enerflex stock opened at $24.70 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. Enerflex Ltd. has a twelve month low of $7.54 and a twelve month high of $29.15. The business has a 50-day moving average price of $24.77 and a 200 day moving average price of $20.10. The firm has a market cap of $3.01 billion, a PE ratio of 36.86 and a beta of 1.83.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. Enerflex had a return on equity of 14.53% and a net margin of 3.19%.The firm had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. Sell-side analysts predict that Enerflex Ltd. will post 1.66 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EFXT. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada lifted their price target on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Raymond James Financial lifted their price target on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $28.00 price target on shares of Enerflex in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

About Enerflex

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.