Enerflex (TSE:EFX) Reaches New 1-Year High – Time to Buy?

Enerflex Ltd. (TSE:EFX)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$22.44 and last traded at C$22.38, with a volume of 342700 shares traded. The stock had previously closed at C$21.21.

Analysts Set New Price Targets

A number of brokerages have weighed in on EFX. BMO Capital Markets upped their price target on Enerflex from C$20.00 to C$23.00 in a research report on Monday, November 10th. CIBC increased their target price on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research report on Friday, November 7th. TD Securities boosted their price target on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Raymond James Financial raised shares of Enerflex from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from C$24.50 to C$25.00 in a research note on Wednesday, December 10th. Finally, National Bankshares lifted their target price on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$21.34.

Enerflex Stock Up 6.9%

The business’s fifty day simple moving average is C$20.07 and its 200 day simple moving average is C$15.90. The stock has a market cap of C$2.76 billion, a price-to-earnings ratio of 20.62 and a beta of 2.28. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%.The company had revenue of C$1.08 billion for the quarter. Equities analysts forecast that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, November 17th. This is an increase from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio is presently 9.77%.

Insider Buying and Selling at Enerflex

In other news, insider Paul Mahoney acquired 18,250 shares of Enerflex stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average price of C$13.70 per share, with a total value of C$250,025.00. Following the purchase, the insider directly owned 36,500 shares of the company’s stock, valued at C$500,050. The trade was a 100.00% increase in their ownership of the stock. 0.49% of the stock is owned by corporate insiders.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.