Enerflex (NYSE:EFXT) Stock Price Up 4.7% – Still a Buy?

Enerflex Ltd. (NYSE:EFXT)’s stock price traded up 4.7% during mid-day trading on Tuesday . The stock traded as high as $6.86 and last traded at $6.85. 74,999 shares were traded during trading, a decline of 72% from the average session volume of 268,453 shares. The stock had previously closed at $6.54.

Enerflex Stock Up 3.1 %

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 company has a market capitalization of $836.77 million, a P/E ratio of -10.70 and a beta of 1.95. The stock has a 50 day moving average price of $7.85 and a 200 day moving average price of $8.33.

Enerflex Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex’s payout ratio is 40.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in Enerflex during the 4th quarter worth approximately $82,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Enerflex in the third quarter worth $65,000. Quantbot Technologies LP acquired a new stake in Enerflex in the fourth quarter valued at $127,000. TD Waterhouse Canada Inc. raised its position in Enerflex by 8.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company’s stock worth $173,000 after purchasing an additional 1,404 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in Enerflex during the 4th quarter worth about $185,000. Institutional investors own 46.47% of the company’s stock.

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.