Enerflex (TSE:EFX) Sets 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 Tuesday . The company traded as high as C$14.18 and last traded at C$14.18, with a volume of 174886 shares changing hands. The stock had previously closed at C$13.89.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Raymond James lifted their target price on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. National Bankshares increased their target price on Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 19th. BMO Capital Markets boosted their price target on Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Acumen Capital increased their price objective on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Finally, TD Securities lifted their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$13.47.

Enerflex Price Performance

The stock has a market cap of C$1.76 billion, a price-to-earnings ratio of -12.33 and a beta of 1.71. The company has a 50 day simple moving average of C$11.29 and a 200-day simple moving average of C$8.88. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio is currently -8.70%.

Insiders Place Their Bets

In other news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of C$13.65 per share, with a total value of C$34,115.00. 0.49% of the stock is currently owned by corporate insiders.

About Enerflex

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.