Enerflex (NYSE:EFXT) Hits New 12-Month High – Time to Buy?

Enerflex Ltd. (NYSE:EFXT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.87 and last traded at $16.77, with a volume of 34970 shares traded. The stock had previously closed at $16.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EFXT shares. Wall Street Zen upgraded shares of Enerflex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Raymond James Financial upgraded Enerflex from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 target price on shares of Enerflex in a research report on Thursday, January 15th. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $14.63.

Enerflex Trading Up 2.7%

The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average is $14.81 and its 200-day moving average is $11.82. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 15.17 and a beta of 1.96.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Enerflex had a net margin of 5.43% and a return on equity of 12.35%. The business had revenue of $777.00 million for the quarter, compared to analyst estimates of $682.88 million. As a group, sell-side analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.0425 per share. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 1.0%. Enerflex’s payout ratio is presently 10.91%.

Hedge Funds Weigh In On Enerflex

Several large investors have recently bought and sold shares of EFXT. Baron Wealth Management LLC grew its stake in shares of Enerflex by 64.2% in the 4th quarter. Baron Wealth Management LLC now owns 27,668 shares of the company’s stock worth $427,000 after acquiring an additional 10,815 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in Enerflex by 43.4% during the fourth quarter. Kathmere Capital Management LLC now owns 20,165 shares of the company’s stock worth $311,000 after purchasing an additional 6,102 shares during the last quarter. SG Americas Securities LLC bought a new stake in Enerflex in the 4th quarter worth about $119,000. NewEdge Advisors LLC grew its position in Enerflex by 41.0% in the 3rd quarter. NewEdge Advisors LLC now owns 32,711 shares of the company’s stock worth $353,000 after purchasing an additional 9,506 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Enerflex in the 3rd quarter valued at about $732,000. 46.47% of the stock is currently owned by institutional investors.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.