Enerflex (NYSE:EFXT) Sets New 12-Month High – Here’s What Happened

Enerflex Ltd. (NYSE:EFXT)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $10.00 and last traded at $10.00, with a volume of 2586 shares. The stock had previously closed at $9.40.

Analyst Ratings Changes

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

Enerflex Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The stock’s 50-day moving average price is $6.79 and its two-hundred day moving average price is $5.87.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.0268 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio is currently -11.11%.

Institutional Investors Weigh In On Enerflex

Several large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $174,000 after purchasing an additional 6,325 shares during the period. Fiera Capital Corp boosted its holdings in Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after buying an additional 13,390 shares during the period. TD Asset Management Inc grew its stake in Enerflex by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 152,701 shares of the company’s stock valued at $824,000 after buying an additional 2,789 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Enerflex by 17,674.4% during the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after acquiring an additional 15,200 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Enerflex during the second quarter worth $609,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

About Enerflex

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.