Shares of Enerflex Ltd. (NYSE:EFXT - Get Free Report) fell 1.8% during mid-day trading on Wednesday . The company traded as low as $9.06 and last traded at $9.09. 247,569 shares were traded during trading, a decline of 40% from the average session volume of 414,246 shares. The stock had previously closed at $9.25.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada boosted their price target on Enerflex from $9.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th.
Read Our Latest Research Report on EFXT
Enerflex Stock Down 2.3 %
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 has a 50 day moving average price of $9.77 and a 200 day moving average price of $7.87. The company has a market cap of $1.11 billion, a P/E ratio of -14.23 and a beta of 2.01.
Institutional Trading of Enerflex
Hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Enerflex in the 3rd quarter worth $65,000. Lazard Asset Management LLC acquired a new stake in shares of Enerflex during the fourth quarter worth $82,000. West Tower Group LLC acquired a new stake in shares of Enerflex during the third quarter worth $119,000. Quantbot Technologies LP acquired a new stake in shares of Enerflex during the fourth quarter worth $127,000. Finally, Barclays PLC raised its position in shares of Enerflex by 2,616,800.0% during the third quarter. Barclays PLC now owns 26,169 shares of the company's stock worth $156,000 after purchasing an additional 26,168 shares during the period. Institutional investors own 46.47% of the company's stock.
Enerflex Company Profile
(
Get Free Report)
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.
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