Enerflex (TSE:EFX) Sets New 52-Week High – Here’s Why

Shares of Enerflex Ltd. (TSE:EFX) hit a new 52-week high on Friday . The company traded as high as C$15.09 and last traded at C$15.06, with a volume of 149023 shares trading hands. The stock had previously closed at C$14.78.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. National Bankshares boosted their price objective on shares of Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. ATB Capital upped their price target on shares of Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. TD Securities upped their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets upped their price target on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Finally, Acumen Capital upped their price target on shares of Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$13.47.

Enerflex Trading Up 1.0 %

The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The company has a market cap of C$1.85 billion, a PE ratio of -12.98 and a beta of 1.71. The company’s 50 day simple moving average is C$13.24 and its two-hundred day simple moving average is C$9.82.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, November 26th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is -8.70%.

Insiders Place Their Bets

In other Enerflex news, Director Joanne Linette Cox acquired 2,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired 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 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.