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

Enerflex Ltd. (TSE:EFX)’s share price reached a new 52-week high during trading on Monday . The company 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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EFX shares. Desjardins boosted their price target on Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. National Bankshares boosted their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Royal Bank Of Canada boosted their price objective on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. CIBC increased their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from C$24.50 to C$25.00 in a research report on Wednesday, December 10th. One investment 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 stock. Based on data from MarketBeat.com, Enerflex currently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.34.

Enerflex Stock Performance

The firm has a market cap of C$3.07 billion, a P/E ratio of 22.90 and a beta of 2.28. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The stock’s 50-day moving average is C$21.35 and its 200 day moving average is C$17.12.

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. The firm had revenue of C$1.08 billion for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. On average, research analysts predict that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Increases Dividend

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

Insider Activity at Enerflex

In other news, insider Paul Mahoney bought 18,250 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were 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 acquisition, the insider owned 36,500 shares in the company, valued at approximately C$500,050. This represents a 100.00% increase in their ownership of the stock. Over the last three months, insiders purchased 19,302 shares of company stock valued at $271,627. Corporate insiders own 0.49% of the company’s stock.

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.