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

Enerflex Ltd. (TSE:EFX)’s share price reached a new 52-week high on Monday . The company traded as high as C$15.09 and last traded at C$15.00, with a volume of 95522 shares. The stock had previously closed at C$14.83.

Analyst Ratings Changes

EFX has been the topic of several recent research reports. National Bankshares upped their target price on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Acumen Capital raised their price objective on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Raymond James boosted their target price on Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. ATB Capital increased their price target on Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Finally, TD Securities lifted their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and a consensus price target of C$13.47.

Enerflex Stock Down 0.7 %

The company has a market cap of C$1.81 billion, a P/E ratio of -12.72 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The business’s fifty day moving average is C$12.48 and its two-hundred day moving average is C$9.47.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

Insiders Place Their Bets

In other Enerflex news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of C$13.65 per share, for a total transaction of C$34,115.00. Company insiders own 0.49% of the company’s stock.

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.