Enerflex (NYSE:EFXT) Reaches New 12-Month High – Here’s Why

Enerflex Ltd. (NYSE:EFXT) reached a new 52-week high during trading on Monday . The stock traded as high as $27.26 and last traded at $27.2060, with a volume of 387491 shares changing hands. The stock had previously closed at $27.16.

Wall Street Analyst Weigh In

EFXT has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce increased their price objective on Enerflex from $16.75 to $25.50 and gave the company a “neutral” rating in a report on Thursday, April 16th. Royal Bank Of Canada increased their price objective on Enerflex from $20.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Finally, Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.75.

Enerflex Stock Up 4.2%

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.81. The company has a market cap of $3.45 billion, a P/E ratio of 55.34 and a beta of 1.93. The stock has a 50-day moving average of $22.05 and a 200 day moving average of $17.52.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a $0.0425 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.6%. Enerflex’s dividend payout ratio (DPR) is presently 23.53%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC bought a new position in shares of Enerflex in the fourth quarter worth $31,000. Plato Investment Management Ltd boosted its stake in Enerflex by 399.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after buying an additional 3,730 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Enerflex in the fourth quarter valued at about $119,000. D Orazio & Associates Inc. boosted its stake in Enerflex by 14.8% in the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after buying an additional 1,497 shares in the last quarter. Finally, Shelton Capital Management acquired a new stake in Enerflex in the third quarter valued at about $136,000. Institutional investors own 46.47% of the company’s stock.

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.