Barclays PLC Purchases 26,168 Shares of Enerflex Ltd. (NYSE:EFXT)

Barclays PLC lifted its stake in Enerflex Ltd. (NYSE:EFXT - Free Report) by 2,616,800.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,169 shares of the company's stock after purchasing an additional 26,168 shares during the quarter. Barclays PLC's holdings in Enerflex were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. West Tower Group LLC purchased a new position in shares of Enerflex in the third quarter worth $119,000. Net Worth Advisory Group purchased a new position in Enerflex in the 3rd quarter worth about $146,000. Aristides Capital LLC bought a new position in Enerflex during the 2nd quarter valued at about $262,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Enerflex during the 3rd quarter valued at about $344,000. Finally, Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 6,158 shares during the period. Institutional investors own 46.47% of the company's stock.

Enerflex Stock Performance

EFXT stock traded down $0.14 during trading on Thursday, reaching $10.25. The stock had a trading volume of 147,927 shares, compared to its average volume of 459,173. The firm has a market cap of $1.27 billion, a PE ratio of -16.31 and a beta of 2.04. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The stock's 50 day moving average is $9.64 and its two-hundred day moving average is $7.27. Enerflex Ltd. has a 52 week low of $4.59 and a 52 week high of $10.61.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th were paid a $0.0268 dividend. This represents a $0.11 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Tuesday, November 26th. This is a boost from Enerflex's previous quarterly dividend of $0.02. Enerflex's dividend payout ratio is -19.05%.

Wall Street Analysts Forecast Growth

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

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.