346,800 Shares in Enerflex Ltd. $EFXT Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. acquired a new position in Enerflex Ltd. (NYSE:EFXT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 346,800 shares of the company’s stock, valued at approximately $8,500,000.

Several other large investors have also modified their holdings of EFXT. Millennium Management LLC raised its holdings in shares of Enerflex by 351.0% in the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after buying an additional 880,358 shares during the period. NewEdge Advisors LLC boosted its holdings in Enerflex by 984.3% during the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after acquiring an additional 20,689 shares during the period. Goldman Sachs Group Inc. grew its position in Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after acquiring an additional 752,893 shares during the last quarter. Geode Capital Management LLC grew its position in Enerflex by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock valued at $665,000 after acquiring an additional 18,434 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Enerflex by 8.3% in the second quarter. Legal & General Group Plc now owns 155,243 shares of the company’s stock worth $1,223,000 after purchasing an additional 11,920 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 3.8%

Enerflex stock opened at $20.01 on Friday. The business has a fifty day moving average of $22.53 and a two-hundred day moving average of $22.96. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. The firm has a market cap of $2.44 billion, a P/E ratio of 46.53 and a beta of 1.86. Enerflex Ltd. has a twelve month low of $9.81 and a twelve month high of $29.15.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The company had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. On average, analysts forecast that Enerflex Ltd. will post 1.34 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex’s payout ratio is 27.91%.

Analyst Ratings Changes

Several analysts have recently weighed in on EFXT shares. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Weiss Ratings downgraded shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. Royal Bank Of Canada lifted their price objective on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Zacks Research cut shares of Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.17.

Enerflex 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.