Enerflex (TSE:EFX) Reaches New 1-Year High – Still a Buy?

Enerflex Ltd. (TSE:EFX)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$37.45 and last traded at C$37.34, with a volume of 72462 shares. The stock had previously closed at C$36.90.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. TD Securities lifted their price target on Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. BMO Capital Markets upped their target price on Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial increased their price target on shares of Enerflex from C$34.00 to C$40.00 in a report on Monday, March 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and a consensus target price of C$26.72.

Enerflex Stock Performance

The firm has a fifty day moving average of C$30.28 and a 200 day moving average of C$24.15. The company has a debt-to-equity ratio of 64.41, a current ratio of 1.13 and a quick ratio of 1.20. The stock has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 73.71 and a beta of 2.11.

Enerflex (TSE:EFX) last posted its earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. The firm had revenue of C$821.97 million during the quarter. Enerflex had a net margin of 2.70% and a return on equity of 6.34%. On average, sell-side analysts anticipate that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 25th were given a dividend of $0.0425 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.4%. Enerflex’s dividend payout ratio (DPR) is 21.37%.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.