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

Shares of Enerflex Ltd. (TSE:EFX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$22.44 and last traded at C$22.38, with a volume of 342700 shares. The stock had previously closed at C$21.21.

Wall Street Analysts Forecast Growth

EFX has been the subject of several recent research reports. Desjardins upped their price objective on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. TD Securities raised their price target on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. BMO Capital Markets boosted their price objective on shares of Enerflex from C$20.00 to C$23.00 in a research report on Monday, November 10th. 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 report on Friday, November 7th. Finally, ATB Capital set a C$26.00 price target on shares of Enerflex and gave the company an “outperform” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.34.

Enerflex Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The company has a 50 day moving average of C$20.07 and a 200-day moving average of C$15.90. The firm has a market capitalization of C$2.76 billion, a P/E ratio of 20.62 and a beta of 2.28.

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

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, December 1st were given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, November 17th. This is a boost from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio (DPR) is currently 9.77%.

Insider Activity at Enerflex

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

About Enerflex

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.