Enerflex (TSE:EFX) Sets New 1-Year High – What’s Next?

Enerflex Ltd. (TSE:EFX) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$23.55 and last traded at C$23.38, with a volume of 110810 shares trading hands. The stock had previously closed at C$23.22.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EFX. CIBC upped their price target on Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research note on Friday, November 7th. ATB Capital set a C$26.00 price objective on Enerflex and gave the stock an “outperform” rating in a report on Friday, December 19th. Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from C$24.50 to C$25.00 in a research report on Wednesday, December 10th. Royal Bank Of Canada lifted their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, National Bankshares boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$21.34.

Enerflex Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The stock has a market cap of C$2.98 billion, a price-to-earnings ratio of 22.23 and a beta of 2.28. The stock’s fifty day moving average is C$21.23 and its 200-day moving average is C$16.93.

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

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. 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 Activity

In related news, insider Paul Mahoney acquired 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, with a total value of C$250,025.00. Following the completion of the transaction, the insider directly owned 36,500 shares of the company’s stock, valued at approximately C$500,050. The trade was a 100.00% increase in their ownership of the stock. Insiders have acquired a total of 19,302 shares of company stock worth $271,627 over the last ninety days. 0.49% of the stock is owned by corporate 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.