Enerflex (TSE:EFX) Hits New 12-Month High – Here’s Why

Enerflex Ltd. (TSE:EFX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$25.36 and last traded at C$25.11, with a volume of 114501 shares. The stock had previously closed at C$24.99.

Wall Street Analysts Forecast Growth

EFX has been the topic of several recent analyst reports. TD Securities boosted their target price on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Desjardins boosted their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research report on Monday, October 20th. National Bankshares upped their price objective on shares of Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Raymond James Financial cut shares of Enerflex from a “strong-buy” rating to an “outperform” rating and set a C$26.00 target price for the company. in a research note on Wednesday. Finally, BMO Capital Markets boosted their target price on Enerflex from C$20.00 to C$23.00 in a report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$21.47.

Enerflex Price Performance

The stock has a 50-day simple moving average of C$21.61 and a 200 day simple moving average of C$17.33. The stock has a market capitalization of C$2.89 billion, a P/E ratio of 21.56 and a beta of 2.41. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19.

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

Enerflex Increases Dividend

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

Insider Activity at Enerflex

In other Enerflex news, insider Paul Mahoney purchased 18,250 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the transaction, the insider directly owned 36,500 shares in the company, valued at C$500,050. This represents a 100.00% increase in their ownership of the stock. In the last ninety days, insiders have purchased 19,302 shares of company stock worth $271,627. 0.49% of the stock is owned by 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.