Potomac Capital Management Inc. Makes New $1.98 Million Investment in Enerflex Ltd. $EFXT

Potomac Capital Management Inc. acquired a new position in shares of Enerflex Ltd. (NYSE:EFXT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 128,400 shares of the company’s stock, valued at approximately $1,981,000. Enerflex makes up 1.6% of Potomac Capital Management Inc.’s holdings, making the stock its 18th largest position.

Several other large investors also recently bought and sold shares of EFXT. Hillsdale Investment Management Inc. increased its stake in Enerflex by 435.9% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after buying an additional 3,824,093 shares in the last quarter. Millennium Management LLC increased its stake in Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after buying an additional 880,358 shares in the last quarter. Man Group plc increased its stake in Enerflex by 433.7% during the 2nd quarter. Man Group plc now owns 1,069,556 shares of the company’s stock worth $8,426,000 after buying an additional 869,156 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after buying an additional 752,893 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after buying an additional 518,639 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EFXT has been the subject of several research reports. Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $28.00 target price on shares of Enerflex in a report on Friday, May 8th. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Raymond James Financial boosted their target price on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.33.

Enerflex Trading Down 0.6%

Shares of Enerflex stock opened at $24.70 on Wednesday. The stock has a market cap of $3.01 billion, a P/E ratio of 36.86 and a beta of 1.83. The stock’s 50 day simple moving average is $24.77 and its 200-day simple moving average is $20.10. Enerflex Ltd. has a 1-year low of $7.54 and a 1-year high of $29.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. The business had revenue of $584.00 million for the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. Analysts predict that Enerflex Ltd. will post 1.66 EPS for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a $0.0425 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. Enerflex’s dividend payout ratio is currently 19.40%.

Enerflex Profile

Enerflex Ltd is a Calgary?headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.