Enerflex (TSE:EFX) Hits New 1-Year High – Time to Buy?

Enerflex Ltd. (TSE:EFX)’s share price hit a new 52-week high on Friday . The company traded as high as C$15.09 and last traded at C$15.06, with a volume of 149023 shares changing hands. The stock had previously closed at C$14.78.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EFX. National Bankshares raised their price objective on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Raymond James lifted their price target on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. TD Securities lifted their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets lifted their price target on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Finally, ATB Capital raised their price objective on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.47.

Enerflex Stock Up 2.1 %

The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of -13.12 and a beta of 1.71. The firm’s 50 day simple moving average is C$13.35 and its 200-day simple moving average is C$9.89. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, November 26th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.99%. Enerflex’s payout ratio is currently -8.70%.

Insider Transactions at Enerflex

In related news, Director Joanne Linette Cox bought 2,500 shares of Enerflex stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of C$13.65 per share, with a total value of C$34,115.00. 0.49% of the stock is owned by company insiders.

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.