Enerflex (TSE:EFX) Sets New 52-Week High – Still a Buy?

Enerflex Ltd. (TSE:EFX) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$33.09 and last traded at C$32.76, with a volume of 72903 shares traded. The stock had previously closed at C$31.62.

Wall Street Analysts Forecast Growth

EFX has been the topic of a number of research analyst reports. Raymond James Financial increased their target price on Enerflex from C$34.00 to C$40.00 in a research note on Monday, March 30th. BMO Capital Markets upped their price objective on Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, TD Securities increased their price objective on Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and an average target price of C$26.72.

Enerflex Stock Up 4.7%

The company has a market cap of C$4.03 billion, a PE ratio of 63.67 and a beta of 2.11. The stock’s 50 day moving average price is C$29.00 and its 200-day moving average price is C$23.20. The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share for the quarter. Enerflex had a net margin of 2.49% and a return on equity of 5.32%. The business had revenue of C$821.97 million during the quarter. On average, analysts predict that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex’s dividend payout ratio is 21.37%.

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