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

Enerflex Ltd. (TSE:EFX)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$27.35 and last traded at C$27.26, with a volume of 278452 shares. The stock had previously closed at C$26.44.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. ATB Cormark Capital Markets set a C$26.00 price objective on shares of Enerflex and gave the company an “outperform” rating in a research note on Friday, December 19th. TD Securities boosted their price target on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Canadian Imperial Bank of Commerce increased their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price objective for the company. in a research report on Wednesday, February 4th. Finally, BMO Capital Markets boosted their target price on Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.97.

Enerflex Price Performance

The company has a 50 day moving average price of C$23.48 and a 200 day moving average price of C$18.98. The firm has a market cap of C$3.88 billion, a PE ratio of 28.95 and a beta of 2.41. 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 released its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 earnings per share for the quarter. The firm had revenue of C$821.97 million during the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%. On average, sell-side analysts expect that Enerflex Ltd. will post 0.734413 EPS for the current year.

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.