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

Enerflex Ltd. (TSE:EFX) hit a new 52-week high during mid-day trading on Monday . The company 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.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Acumen Capital increased their price target on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th. TD Securities increased their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, November 15th. ATB Capital increased their price target on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Finally, Raymond James increased their price target on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$12.59.

Enerflex Trading Up 2.7 %

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 firm has a market capitalization of C$1.72 billion, a PE ratio of -11.74 and a beta of 1.71. The company’s fifty day simple moving average is C$10.70 and its 200-day simple moving average is C$8.59.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 1.08%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

Insider Activity

In other Enerflex news, Director Joanne Linette Cox bought 2,500 shares of Enerflex 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. Company insiders own 0.49% of the company’s stock.

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.