Enerflex (NYSE:EFXT) Given New $12.00 Price Target at Royal Bank of Canada

Enerflex (NYSE:EFXT) had its price target decreased by Royal Bank of Canada from $14.00 to $12.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Enerflex Stock Up 0.2 %

EFXT opened at $6.73 on Thursday. The company has a market capitalization of $834.91 million, a PE ratio of -10.67 and a beta of 1.95. The firm has a 50-day simple moving average of $7.68 and a two-hundred day simple moving average of $8.32. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Enerflex has a 52 week low of $4.60 and a 52 week high of $10.61.

Enerflex Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex’s dividend payout ratio is presently 40.00%.

Institutional Trading of Enerflex

Several hedge funds have recently modified their holdings of EFXT. Public Employees Retirement System of Ohio purchased a new position in shares of Enerflex in the third quarter valued at $344,000. Barclays PLC lifted its position in 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 purchasing an additional 26,168 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Enerflex by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 61,057 shares of the company’s stock worth $364,000 after buying an additional 6,158 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Enerflex in the 3rd quarter worth about $65,000. Finally, JPMorgan Chase & Co. raised its position in shares of Enerflex by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,749 shares of the company’s stock valued at $463,000 after buying an additional 27,878 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

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.