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

Enerflex Ltd. (NYSE:EFXT) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $18.49 and last traded at $18.1240, with a volume of 430014 shares traded. The stock had previously closed at $18.11.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Enerflex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Enerflex in a research note on Thursday, January 15th. Finally, Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enerflex currently has a consensus rating of “Buy” and an average target price of $14.63.

Enerflex Stock Performance

The stock’s 50-day moving average is $15.46 and its 200-day moving average is $12.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 16.73 and a beta of 1.95.

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

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.0425 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is presently 10.91%.

Hedge Funds Weigh In On Enerflex

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in Enerflex by 0.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock worth $1,696,000 after acquiring an additional 1,035 shares during the last quarter. D Orazio & Associates Inc. grew its position in Enerflex by 14.8% in the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after purchasing an additional 1,497 shares during the last quarter. Baron Wealth Management LLC grew its holdings in shares of Enerflex by 10.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,853 shares of the company’s stock worth $182,000 after purchasing an additional 1,638 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Enerflex by 2.5% during the 2nd quarter. Lazard Asset Management LLC now owns 101,048 shares of the company’s stock worth $797,000 after buying an additional 2,468 shares during the period. Finally, Scotia Capital Inc. grew its stake in shares of Enerflex by 19.0% during the third quarter. Scotia Capital Inc. now owns 16,503 shares of the company’s stock valued at $176,000 after purchasing an additional 2,633 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Company Profile

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.