Enerflex (TSE:EFX) Hits New 12-Month High – Still a Buy?

Enerflex Ltd. (TSE:EFX) shares hit a new 52-week high on Wednesday . The stock traded as high as C$27.04 and last traded at C$26.63, with a volume of 125960 shares trading hands. The stock had previously closed at C$25.96.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EFX. ATB Cormark Capital Markets set a C$26.00 price objective on Enerflex and gave the stock an “outperform” rating in a research report on Friday, December 19th. Canadian Imperial Bank of Commerce upped their target price on Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research report on Friday, November 7th. National Bank Financial raised their price target on Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. BMO Capital Markets boosted their price target on Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada upped their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$21.47.

Enerflex Stock Performance

The stock has a market capitalization of C$3.25 billion, a PE ratio of 24.23 and a beta of 2.41. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The firm has a 50 day moving average price of C$22.94 and a 200-day moving average price of C$18.52.

Enerflex Company Profile

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.