Enerflex (NYSE:EFXT) Sets New 52-Week High – Should You Buy?

Shares of Enerflex Ltd. (NYSE:EFXT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.24 and last traded at $24.0690, with a volume of 67722 shares. The stock had previously closed at $23.13.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EFXT. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Canadian Imperial Bank of Commerce boosted their price target on Enerflex from $16.75 to $25.50 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.75.

Enerflex Trading Up 2.5%

The firm has a market cap of $3.11 billion, a P/E ratio of 49.97 and a beta of 1.83. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average price is $21.38 and its two-hundred day moving average price is $16.92.

Enerflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex’s payout ratio is presently 23.53%.

Institutional Trading of Enerflex

Several large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC acquired a new position in Enerflex during the 4th quarter worth about $31,000. Plato Investment Management Ltd increased its position in Enerflex by 399.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after acquiring an additional 3,730 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Enerflex in the fourth quarter worth about $119,000. D Orazio & Associates Inc. lifted its position in shares of Enerflex by 14.8% during the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Shelton Capital Management acquired a new position in shares of Enerflex during the third quarter worth approximately $136,000. Institutional investors own 46.47% of the company’s stock.

About Enerflex

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.