Enerflex (TSE:EFX) Hits New 52-Week High – Still a Buy?

Enerflex Ltd. (TSE:EFX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.87 and last traded at C$13.76, with a volume of 236054 shares. The stock had previously closed at C$13.50.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EFX shares. TD Securities boosted their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, November 15th. ATB Capital increased their price target on Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. Raymond James raised their price objective on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Acumen Capital upped their target price on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets raised their price target on Enerflex from C$11.00 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$12.59.

Enerflex Trading Down 1.2 %

The company has a market capitalization of C$1.69 billion, a PE ratio of -11.86 and a beta of 1.71. 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 has a fifty day moving average price of C$11.01 and a 200 day moving average price of C$8.72.

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 issued a $0.0375 dividend. 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 yield of 1.10%. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

Insiders Place Their Bets

In related news, Director Joanne Linette Cox bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of C$13.65 per share, with a total value of C$34,115.00. 0.49% of the stock is owned by insiders.

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.