Enerflex (NYSE:EFXT) Hits New 52-Week High – Here’s Why

Enerflex Ltd. (NYSE:EFXT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $11.70 and last traded at $11.52, with a volume of 535235 shares. The stock had previously closed at $11.58.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Raymond James Financial restated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada boosted their price target on shares of Enerflex from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.13.

Enerflex Trading Down 6.2%

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 10.36 and a beta of 2.01. The business’s 50 day simple moving average is $10.20 and its 200 day simple moving average is $8.35.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The company had revenue of $615.00 million for the quarter, compared to analyst estimates of $555.24 million. Research analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s payout ratio is 10.58%.

Institutional Investors Weigh In On Enerflex

Several large investors have recently modified their holdings of EFXT. D Orazio & Associates Inc. acquired a new position in Enerflex in the 2nd quarter valued at $80,000. Vise Technologies Inc. purchased a new stake in shares of Enerflex in the second quarter valued at about $85,000. Baron Wealth Management LLC boosted its holdings in shares of Enerflex by 31.7% in the second quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock valued at $120,000 after acquiring an additional 3,666 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Enerflex in the first quarter valued at about $130,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after acquiring an additional 20,689 shares in the last quarter. Hedge funds and other 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.