Enerflex (NYSE:EFXT) Sets New 1-Year High – What’s Next?

Shares of Enerflex Ltd. (NYSE:EFXT) reached a new 52-week high on Tuesday . The stock traded as high as $10.56 and last traded at $10.59, with a volume of 96279 shares. The stock had previously closed at $10.44.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their target price on shares of Enerflex from $9.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th.

Enerflex Stock Down 1.3 %

The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The stock has a market cap of $1.27 billion, a P/E ratio of -16.27 and a beta of 2.04. The stock’s fifty day moving average price is $9.64 and its 200 day moving average price is $7.27.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.0268 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, November 26th. This represents a $0.11 dividend on an annualized basis and a yield of 1.05%. Enerflex’s dividend payout ratio (DPR) is presently -19.05%.

Institutional Trading of Enerflex

A number of hedge funds have recently bought and sold shares of EFXT. The Manufacturers Life Insurance Company boosted its position in Enerflex by 3.3% during the third quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company’s stock valued at $1,103,000 after buying an additional 5,864 shares during the period. Geode Capital Management LLC lifted its stake in shares of Enerflex by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 61,057 shares of the company’s stock valued at $364,000 after acquiring an additional 6,158 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in Enerflex by 15.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company’s stock valued at $455,000 after acquiring an additional 9,975 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Enerflex during the 3rd quarter worth approximately $65,000. Finally, West Tower Group LLC bought a new position in Enerflex during the 3rd quarter worth approximately $119,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.