Enerflex (TSE:EFX) Hits New 12-Month High – What’s Next?

Shares of Enerflex Ltd. (TSE:EFX) hit a new 52-week high during trading on Wednesday . The company traded as high as C$9.87 and last traded at C$9.87, with a volume of 11712 shares changing hands. The stock had previously closed at C$9.70.

Analyst Upgrades and Downgrades

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

Enerflex Stock Performance

The firm has a market cap of C$1.26 billion, a PE ratio of -8.43 and a beta of 1.71. 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 stock has a 50-day moving average price of C$8.36 and a 200 day moving average price of C$7.73.

Enerflex (TSE:EFX) last issued 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). The business had revenue of C$840.09 million during the quarter, compared to analysts’ expectations of C$761.73 million. Enerflex had a negative net margin of 4.30% and a negative return on equity of 9.39%. Research analysts forecast that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, August 22nd. Enerflex’s dividend payout ratio (DPR) 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.