Enerflex (TSE:EFX) Reaches New 12-Month High – What’s Next?

Enerflex Ltd. (TSE:EFX)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$23.55 and last traded at C$23.38, with a volume of 110810 shares changing hands. The stock had previously closed at C$23.22.

Analyst Ratings Changes

Several equities research analysts have recently commented on EFX shares. Royal Bank Of Canada upped their target price on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from C$24.50 to C$25.00 in a report on Wednesday, December 10th. Desjardins upped their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research report on Monday, October 20th. National Bankshares lifted their price objective on shares of Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Finally, TD Securities raised their target price on Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$21.34.

Enerflex Trading Up 2.2%

The business has a 50-day moving average price of C$20.91 and a 200-day moving average price of C$16.74. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The firm has a market capitalization of C$2.89 billion, a P/E ratio of 21.57 and a beta of 2.28.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. The firm had revenue of C$1.08 billion for the quarter. Analysts anticipate 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. Shareholders of record on Monday, December 1st were given a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is currently 9.77%.

Insider Activity

In other news, insider Paul Mahoney bought 18,250 shares of Enerflex stock in a transaction dated Monday, November 10th. The shares were bought at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the purchase, the insider owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This trade represents a 100.00% increase in their ownership of the stock. Insiders acquired 19,302 shares of company stock worth $271,627 over the last three months. 0.49% of the stock is currently owned by company insiders.

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.