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

Enerflex Ltd. (TSE:EFX) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$14.18 and last traded at C$14.18, with a volume of 174886 shares. The stock had previously closed at C$13.89.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EFX. TD Securities raised their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Acumen Capital boosted their target price on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. ATB Capital increased their price target on Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. BMO Capital Markets boosted their price objective on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Finally, Raymond James upped their price objective on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and an average price target of C$13.47.

Enerflex Price Performance

The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The stock has a market cap of C$1.76 billion, a PE ratio of -12.33 and a beta of 1.71. The business has a 50-day moving average price of C$11.50 and a 200 day moving average price of C$8.96.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 1.06%. Enerflex’s dividend payout ratio is -8.70%.

Insider Transactions at Enerflex

In related news, Director Joanne Linette Cox acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of C$13.65 per share, for a total transaction of C$34,115.00. Corporate insiders own 0.49% 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.