Enerflex (TSE:EFX) Hits New 1-Year High – Here’s Why

Enerflex Ltd. (TSE:EFX)’s share price hit a new 52-week high during mid-day trading on Thursday . The company 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EFX shares. Raymond James Financial raised their target price on shares of Enerflex from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. TD Securities increased their target price on Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, November 7th. CIBC lifted their price target on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research report on Friday, November 7th. National Bankshares increased their price objective on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada upped their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the company 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 issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$20.84.

Enerflex Stock Performance

The stock’s 50 day simple moving average is C$16.44 and its two-hundred day simple moving average is C$13.10. The company has a market capitalization of C$2.47 billion, a P/E ratio of 18.12 and a beta of 2.28. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share 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%. As a group, research analysts expect that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, December 1st will be paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.9%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, November 17th. Enerflex’s payout ratio is currently 9.77%.

Insider Buying and Selling

In other news, insider Paul Mahoney acquired 18,250 shares of the company’s stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of C$13.70 per share, with a total value of C$250,025.00. Following the acquisition, the insider owned 36,500 shares of the company’s stock, valued at C$500,050. This trade represents a 100.00% increase in their position. 0.49% of the stock is currently owned by insiders.

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.