Enerflex (TSE:EFX) Hits New 1-Year High – What’s Next?

Shares of Enerflex Ltd. (TSE:EFX) reached a new 52-week high on Monday . The stock traded as high as C$9.23 and last traded at C$9.12, with a volume of 33964 shares traded. The stock had previously closed at C$9.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. Raymond James boosted their price objective on shares of Enerflex from C$11.75 to C$12.00 in a research report on Tuesday, October 15th. TD Securities raised their target price on shares of Enerflex from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, ATB Capital lowered their price target on shares of Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$10.67.

Enerflex Trading Down 2.6 %

The company has a market cap of C$1.10 billion, a P/E ratio of -7.71 and a beta of 1.71. The business’s 50-day moving average price is C$8.13 and its 200 day moving average price is C$7.68. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.03). Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. The business had revenue of C$840.09 million for the quarter, compared to the consensus estimate of C$761.73 million. As a group, analysts expect that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, August 22nd. Enerflex’s dividend payout ratio is -8.70%.

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.