Enerflex (TSE:EFX) Reaches New 12-Month High – Here’s Why

Enerflex Ltd. (TSE:EFX) reached a new 52-week high during trading on Friday . The company traded as high as C$19.94 and last traded at C$19.87, with a volume of 29520 shares trading hands. The stock had previously closed at C$19.72.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EFX. Raymond James Financial boosted their price objective on Enerflex from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. BMO Capital Markets upped their price target on Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. National Bankshares increased their price target on Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. TD Securities boosted their price objective on Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, CIBC increased their target price on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$20.84.

Enerflex Stock Up 1.2%

The stock has a fifty day moving average price of C$17.40 and a two-hundred day moving average price of C$13.81. The company has a market cap of C$2.43 billion, a P/E ratio of 18.14 and a beta of 2.16. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20.

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

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, December 1st were paid a $0.0425 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, November 17th. This represents a $0.17 annualized dividend and a yield of 0.9%. Enerflex’s dividend payout ratio (DPR) is 9.77%.

Insider Activity at Enerflex

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the purchase, the insider directly owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This represents a 100.00% increase in their ownership of the stock. 0.49% of the stock is currently owned by corporate insiders.

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.