Enerflex (TSE:EFX) Sets New 12-Month High – Time to Buy?

Enerflex Ltd. (TSE:EFX) hit 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 traded. The stock had previously closed at C$14.83.

Analyst Ratings Changes

EFX has been the topic of several analyst reports. Acumen Capital lifted their target price on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. ATB Capital lifted their price target on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. TD Securities increased their price objective on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, November 15th. BMO Capital Markets boosted their price target on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Finally, National Bankshares increased their price objective 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.47.

Enerflex Stock Down 0.7 %

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 50 day moving average is C$12.48 and its 200-day moving average is C$9.47. The stock has a market cap of C$1.81 billion, a price-to-earnings ratio of -12.72 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, November 26th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 1.03%. Enerflex’s payout ratio is presently -8.70%.

Insiders Place Their Bets

In other news, Director Joanne Linette Cox purchased 2,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of C$13.65 per share, for a total transaction 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.