Tacita Capital Inc Invests $1.20 Million in Enerflex Ltd. $EFXT

Tacita Capital Inc purchased a new position in Enerflex Ltd. (NYSE:EFXT) during the 2nd quarter, HoldingsChannel reports. The firm purchased 49,104 shares of the company’s stock, valued at approximately $1,204,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. bought a new position in Enerflex during the 2nd quarter worth $30,000. Smartleaf Asset Management LLC bought a new stake in Enerflex in the fourth quarter valued at $31,000. Plato Investment Management Ltd boosted its holdings in shares of Enerflex by 399.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after acquiring an additional 3,730 shares during the period. Shelton Capital Management bought a new position in shares of Enerflex during the third quarter worth about $136,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Enerflex during the third quarter worth about $138,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analysts Set New Price Targets

EFXT has been the topic of several recent research reports. Canadian Imperial Bank of Commerce set a $27.50 price objective on shares of Enerflex in a research report on Monday, August 10th. Royal Bank Of Canada upped their target price on shares of Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen lowered shares of Enerflex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut Enerflex from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.17.

Enerflex Price Performance

Shares of Enerflex stock opened at $20.60 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $23.08 and its two-hundred day moving average price is $22.89. Enerflex Ltd. has a 52 week low of $9.35 and a 52 week high of $29.15. The stock has a market cap of $2.52 billion, a PE ratio of 47.90 and a beta of 1.86.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). Enerflex had a net margin of 2.06% and a return on equity of 11.76%. The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $606.78 million. As a group, sell-side analysts anticipate that Enerflex Ltd. will post 1.34 EPS for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.17 annualized dividend and a yield of 0.8%. Enerflex’s dividend payout ratio is currently 30.23%.

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.