Enerflex (NYSE:EFXT) Shares Up 3% After Analyst Upgrade

Shares of Enerflex Ltd. (NYSE:EFXT - Get Free Report) traded up 3% during mid-day trading on Friday after Royal Bank of Canada raised their price target on the stock from $9.00 to $12.00. Royal Bank of Canada currently has an outperform rating on the stock. Enerflex traded as high as $8.28 and last traded at $8.23. 54,048 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 180,164 shares. The stock had previously closed at $7.99.

Institutional Trading of Enerflex

Several hedge funds and other institutional investors have recently made changes to their positions in EFXT. Acadian Asset Management LLC lifted its stake in shares of Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company's stock worth $81,000 after buying an additional 15,200 shares in the last quarter. West Tower Group LLC purchased a new stake in Enerflex during the 3rd quarter valued at $119,000. Fiera Capital Corp increased its holdings in shares of 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 purchasing an additional 13,390 shares in the last quarter. Net Worth Advisory Group bought a new position in shares of Enerflex during the third quarter valued at $146,000. Finally, Barclays PLC boosted 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 valued at $156,000 after buying an additional 26,168 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Enerflex Price Performance

The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $1.03 billion, a P/E ratio of -13.24 and a beta of 1.89. The firm has a fifty day moving average of $6.43 and a 200 day moving average of $5.75.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be issued a $0.0268 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 annualized dividend and a yield of 1.29%. This is a boost from Enerflex's previous quarterly dividend of $0.02. Enerflex's dividend payout ratio (DPR) is currently -17.46%.

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.