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

Enerflex Ltd. (NYSE:EFXT)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $16.73 and last traded at $16.2970, with a volume of 25810 shares. The stock had previously closed at $16.33.

Analyst Upgrades and Downgrades

EFXT has been the subject of several analyst reports. Raymond James Financial upgraded Enerflex from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Wall Street Zen upgraded Enerflex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $14.63.

Enerflex Price Performance

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 company has a 50 day moving average price of $14.65 and a 200 day moving average price of $11.60. The company has a market capitalization of $1.97 billion, a P/E ratio of 14.72 and a beta of 1.96.

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

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 1.0%. 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. Enerflex’s payout ratio is presently 10.91%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in Enerflex by 29.0% in the 2nd quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after purchasing an additional 466,535 shares during the period. NewGen Equity Long Short Fund acquired a new stake in shares of Enerflex in the second quarter valued at approximately $5,628,000. Public Employees Retirement System of Ohio boosted its stake in shares of Enerflex by 43.6% in the second quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock valued at $1,303,000 after buying an additional 50,193 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of Enerflex in the second quarter valued at approximately $1,718,000. Finally, 1832 Asset Management L.P. grew its position in Enerflex by 6.4% during the second quarter. 1832 Asset Management L.P. now owns 7,509,600 shares of the company’s stock worth $59,251,000 after buying an additional 454,900 shares in the last quarter. 46.47% of the stock is 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.