Enerflex (NYSE:EFXT) Sets New 12-Month High – Time to Buy?

Shares of Enerflex Ltd. (NYSE:EFXT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.14 and last traded at $15.71, with a volume of 1814 shares. The stock had previously closed at $15.76.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen upgraded Enerflex from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research cut Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th. Royal Bank Of Canada upped their target price on shares of Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Raymond James Financial raised shares of Enerflex from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.13.

Enerflex Stock Performance

The stock has a fifty day moving average of $12.93 and a 200-day moving average of $10.34. The firm has a market capitalization of $1.92 billion, a P/E ratio of 14.36 and a beta of 1.99. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61.

Enerflex (NYSE:EFXT) last released its 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). The business had revenue of $777.00 million during 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, research analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given 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 dividend on an annualized basis and a dividend yield of 1.1%. Enerflex’s payout ratio is 10.91%.

Institutional Trading of Enerflex

A number of hedge funds have recently modified their holdings of EFXT. Acadian Asset Management LLC increased its holdings in Enerflex by 29.0% during 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. Public Employees Retirement System of Ohio raised its position in shares of Enerflex by 43.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock worth $1,303,000 after acquiring an additional 50,193 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Enerflex in the 2nd quarter worth approximately $1,718,000. NewGen Equity Long Short Fund purchased a new position in shares of Enerflex in the 2nd quarter valued at approximately $5,628,000. Finally, American Century Companies Inc. boosted its holdings in shares of Enerflex by 131.8% during the 1st quarter. American Century Companies Inc. now owns 126,293 shares of the company’s stock valued at $976,000 after buying an additional 71,815 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

About Enerflex

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.