Enerflex (TSE:EFX) Reaches New 1-Year High – Still a Buy?

Enerflex Ltd. (TSE:EFX)’s stock price hit a new 52-week high on Thursday . The stock traded as high as C$19.82 and last traded at C$19.68, with a volume of 134439 shares traded. The stock had previously closed at C$18.95.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EFX shares. CIBC raised their target price on shares of Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research note on Friday, November 7th. BMO Capital Markets increased their price objective on shares of Enerflex from C$20.00 to C$23.00 in a report on Monday, November 10th. Raymond James Financial lifted their target price on shares of Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Desjardins increased their price target on Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Finally, ATB Capital raised their price target on Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$20.84.

Enerflex Trading Up 1.6%

The company’s fifty day simple moving average is C$16.62 and its two-hundred day simple moving average is C$13.21. The company has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 17.36 and a beta of 2.28. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27.

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

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, December 1st will be given 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 of this dividend is Monday, November 17th. Enerflex’s payout ratio is 9.77%.

Insider Activity

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of C$13.70 per share, with a total value of C$250,025.00. Following the purchase, the insider owned 36,500 shares in the company, valued at C$500,050. This trade represents a 100.00% increase in their ownership of the stock. Corporate 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.