Enerflex (TSE:EFX) Sets New 12-Month High – Time to Buy?

Enerflex Ltd. (TSE:EFX)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$33.00 and last traded at C$32.66, with a volume of 66387 shares changing hands. The stock had previously closed at C$32.02.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. TD Securities boosted their price target on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, February 27th. BMO Capital Markets boosted their price target on shares of Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. ATB Cormark Capital Markets set a C$26.00 price target on shares of Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, Raymond James Financial boosted their price target on shares of Enerflex from C$34.00 to C$40.00 in a report on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$26.72.

Enerflex Stock Performance

The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13. The firm has a market cap of C$3.82 billion, a P/E ratio of 60.33 and a beta of 2.11. The firm’s fifty day moving average price is C$28.72 and its 200 day moving average price is C$22.86.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. The business had revenue of C$821.97 million during the quarter. Enerflex had a net margin of 2.49% and a return on equity of 5.32%. Sell-side analysts expect that Enerflex Ltd. will post 0.734413 EPS for the current fiscal year.

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, March 11th. Enerflex’s payout ratio is 21.37%.

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.