Enerflex (TSE:EFX) Sets New 12-Month High – Time to Buy?

Enerflex Ltd. (TSE:EFX)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$23.25 and last traded at C$23.12, with a volume of 90669 shares. The stock had previously closed at C$22.40.

Analyst Ratings Changes

A number of research analysts have weighed in on EFX shares. TD Securities boosted their price objective on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. National Bankshares upped their target price on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. ATB Capital set a C$26.00 price objective on Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. Desjardins lifted their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada upped their target price on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$21.34.

Enerflex Stock Up 2.9%

The company has a market cap of C$2.81 billion, a PE ratio of 20.95 and a beta of 2.28. The business has a fifty day simple moving average of C$20.54 and a two-hundred day simple moving average of C$16.39. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. The company 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, equities research analysts predict 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 was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, November 17th. This is a boost from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio is presently 9.77%.

Insiders Place Their Bets

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the business’s stock in a transaction on Monday, November 10th. The stock was bought at an average price of C$13.70 per share, with a total value of C$250,025.00. Following the completion of the purchase, the insider directly owned 36,500 shares in the company, valued at C$500,050. The trade was a 100.00% increase in their ownership of the stock. Insiders own 0.49% of the company’s stock.

About Enerflex

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.