Enerflex (TSE:EFX) Hits New 52-Week High – Still a Buy?

Enerflex Ltd. (TSE:EFX) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$15.09 and last traded at C$15.00, with a volume of 95522 shares trading hands. The stock had previously closed at C$14.83.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Raymond James lifted their price target on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. BMO Capital Markets upped their target price on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. TD Securities raised their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. ATB Capital lifted their price objective on shares of Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. Finally, Acumen Capital boosted their target price on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and an average price target of C$13.47.

Enerflex Stock Performance

The firm’s 50 day moving average is C$12.25 and its 200-day moving average is C$9.36. The stock has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -12.75 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.02%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio is -8.70%.

Insider Transactions at Enerflex

In related news, Director Joanne Linette Cox bought 2,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of C$13.65 per share, with a total value 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.