Enerflex (TSE:EFX) Sets New 12-Month High – Still a Buy?

Enerflex Ltd. (TSE:EFX) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$22.61 and last traded at C$21.59, with a volume of 74645 shares. The stock had previously closed at C$21.85.

Analysts Set New Price Targets

Several research firms recently weighed in on EFX. 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 report on Friday, November 7th. TD Securities upped their target price on Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. ATB Capital set a C$26.00 target price on Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. Raymond James Financial raised shares of Enerflex from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from C$24.50 to C$25.00 in a research report on Wednesday, December 10th. Finally, Desjardins lifted their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$21.34.

Enerflex Price Performance

The company has a 50 day moving average price of C$19.69 and a 200 day moving average price of C$15.48. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The company has a market capitalization of C$2.63 billion, a P/E ratio of 19.66 and a beta of 2.28.

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

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, November 17th. Enerflex’s dividend payout ratio is currently 9.77%.

Insider Buying and Selling

In other news, insider Paul Mahoney acquired 18,250 shares of the stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of C$13.70 per share, for a total transaction of C$250,025.00. Following the completion of the transaction, the insider directly owned 36,500 shares in the company, valued at approximately C$500,050. This trade represents a 100.00% increase in their ownership of the stock. 0.49% of the stock is currently owned by company insiders.

About Enerflex

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.