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

Shares of Enerflex Ltd. (TSE:EFX) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$13.32 and last traded at C$13.10, with a volume of 118323 shares traded. The stock had previously closed at C$12.96.

Analyst Ratings Changes

Several equities analysts recently commented on EFX shares. 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. Raymond James raised their target price on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. ATB Capital upped their price objective on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. TD Securities increased their target price on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets increased their price target on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Three equities research 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.com, Enerflex currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Price Performance

The business has a fifty day moving average of C$9.94 and a 200-day moving average of C$8.26. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The firm has a market cap of C$1.61 billion, a PE ratio of -11.27 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of 1.16%. Enerflex’s payout ratio is presently -8.70%.

Enerflex Company Profile

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.