Enerflex (TSE:EFX) Sets New 1-Year High – Here’s Why

Enerflex Ltd. (TSE:EFX)’s stock price hit a new 52-week high during 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 Ratings Changes

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

Enerflex Trading Up 2.1 %

The business has a 50-day moving average of C$11.29 and a 200-day 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. 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.

Enerflex Increases Dividend

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

Insider Activity at Enerflex

In related news, Director Joanne Linette Cox acquired 2,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of C$13.65 per share, with a total value of C$34,115.00. 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.