Enerflex (NYSE:EFXT) Hits New 12-Month High – Still a Buy?

Enerflex Ltd. (NYSE:EFXT) hit a new 52-week high during trading on Tuesday . The company traded as high as $26.39 and last traded at $25.5750, with a volume of 731816 shares trading hands. The stock had previously closed at $25.68.

Analyst Ratings Changes

A number of brokerages recently commented on EFXT. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their price target on shares of Enerflex from $20.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Canadian Imperial Bank of Commerce upped their price target on shares of Enerflex from $16.75 to $25.50 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.75.

Enerflex Stock Down 0.4%

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13. The firm has a market capitalization of $3.12 billion, a PE ratio of 50.15 and a beta of 1.83. The company’s 50 day simple moving average is $21.64 and its 200-day simple moving average is $17.19.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a $0.0425 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is presently 23.53%.

Institutional Trading of Enerflex

Several institutional investors and hedge funds have recently modified their holdings of EFXT. Smartleaf Asset Management LLC purchased a new stake in shares of Enerflex in the 4th quarter valued at about $31,000. Plato Investment Management Ltd raised its holdings in shares of Enerflex by 399.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after acquiring an additional 3,730 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enerflex in the 4th quarter valued at about $119,000. D Orazio & Associates Inc. raised its position in shares of Enerflex by 14.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after buying an additional 1,497 shares in the last quarter. Finally, Shelton Capital Management purchased a new stake in shares of Enerflex during the 3rd quarter valued at $136,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

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.