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

Enerflex Ltd. (NYSE:EFXT) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.12 and last traded at $14.1290, with a volume of 95566 shares trading hands. The stock had previously closed at $13.48.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EFXT. Royal Bank Of Canada upped their price objective on shares of Enerflex from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.13.

Enerflex Stock Up 4.6%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 1.24. The firm has a market capitalization of $1.72 billion, a PE ratio of 12.84 and a beta of 2.03. The business’s 50 day moving average price is $11.78 and its 200-day moving average price is $9.45.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Enerflex had a net margin of 5.43% and a return on equity of 12.35%. The firm had revenue of $777.00 million during the quarter, compared to analyst estimates of $682.88 million. As a group, equities research analysts forecast that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a $0.0425 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.17 dividend on an annualized basis and a yield of 1.2%. This is an increase from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio is 10.91%.

Institutional Investors Weigh In On Enerflex

A number of large investors have recently modified their holdings of EFXT. D Orazio & Associates Inc. acquired a new stake in Enerflex during the 2nd quarter worth $80,000. Vise Technologies Inc. purchased a new position in Enerflex during the 2nd quarter worth $85,000. Baron Wealth Management LLC lifted its stake in shares of Enerflex by 31.7% in the 2nd quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock worth $120,000 after acquiring an additional 3,666 shares during the period. Bank of New York Mellon Corp purchased a new position in Enerflex during the first quarter worth about $130,000. Finally, Shelton Capital Management purchased a new stake in Enerflex in the 3rd quarter valued at approximately $136,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.