Enerflex (NYSE:EFXT) Reaches New 12-Month High – Here’s Why

Enerflex Ltd. (NYSE:EFXT) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $16.87 and last traded at $16.77, with a volume of 34970 shares trading hands. The stock had previously closed at $16.22.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Wall Street Zen raised Enerflex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Enerflex presently has an average rating of “Buy” and a consensus target price of $14.63.

Enerflex Trading Down 1.5%

The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.98 and a beta of 1.96. The firm’s 50-day moving average is $14.95 and its 200 day moving average is $11.89.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The business had revenue of $777.00 million for the quarter, compared to the consensus estimate of $682.88 million. Enerflex had a net margin of 5.43% and a return on equity of 12.35%. On average, equities analysts predict that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.0425 dividend. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 1.0%. Enerflex’s payout ratio is currently 10.91%.

Institutional Trading of Enerflex

Institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management raised its holdings in Enerflex by 13.5% during the 4th quarter. Ritholtz Wealth Management now owns 242,985 shares of the company’s stock worth $3,749,000 after purchasing an additional 28,874 shares during the last quarter. Baron Wealth Management LLC increased its position in shares of Enerflex by 64.2% during the fourth quarter. Baron Wealth Management LLC now owns 27,668 shares of the company’s stock worth $427,000 after buying an additional 10,815 shares during the period. Kathmere Capital Management LLC raised its stake in Enerflex by 43.4% during the fourth quarter. Kathmere Capital Management LLC now owns 20,165 shares of the company’s stock worth $311,000 after buying an additional 6,102 shares during the last quarter. SG Americas Securities LLC acquired a new position in Enerflex in the fourth quarter valued at $119,000. Finally, NewEdge Advisors LLC grew its holdings in Enerflex by 41.0% during the 3rd quarter. NewEdge Advisors LLC now owns 32,711 shares of the company’s stock worth $353,000 after acquiring an additional 9,506 shares during the period. 46.47% of the stock is currently owned by institutional investors.

About Enerflex

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.