Enerflex (TSE:EFX) Reaches New 52-Week High – Time to Buy?

Enerflex Ltd. (TSE:EFX)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$22.61 and last traded at C$21.59, with a volume of 74645 shares traded. The stock had previously closed at C$21.85.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EFX shares. BMO Capital Markets raised their price objective on Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. Desjardins boosted their price target on Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, October 20th. National Bankshares raised their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from C$24.50 to C$25.00 in a report on Wednesday, December 10th. Finally, CIBC boosted their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$21.34.

Enerflex Stock Performance

The firm has a market cap of C$2.63 billion, a price-to-earnings ratio of 19.66 and a beta of 2.28. The firm’s fifty day moving average price is C$19.69 and its 200-day moving average price is C$15.48. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27.

Enerflex (TSE:EFX) last announced its earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. The business had revenue of C$1.08 billion for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. Analysts expect that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were issued a $0.0425 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s payout ratio is currently 9.77%.

Insider Transactions at Enerflex

In other Enerflex news, insider Paul Mahoney purchased 18,250 shares of Enerflex stock in a transaction on Monday, November 10th. The shares were bought at an average price of C$13.70 per share, with a total value of C$250,025.00. Following the completion of the acquisition, the insider directly 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 own 0.49% of the company’s stock.

Enerflex Company Profile

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.