Enerflex (TSE:EFX) Reaches New 1-Year High – Time to Buy?

Enerflex Ltd. (TSE:EFX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$23.55 and last traded at C$23.38, with a volume of 110810 shares changing hands. The stock had previously closed at C$23.22.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BMO Capital Markets increased their target price on Enerflex from C$20.00 to C$23.00 in a report on Monday, November 10th. Royal Bank Of Canada increased their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. CIBC upped their target price on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research report on Friday, November 7th. National Bankshares raised their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Finally, ATB Capital set a C$26.00 price objective on shares of Enerflex and gave the stock an “outperform” rating in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$21.34.

Enerflex Stock Up 2.2%

The firm’s 50-day simple moving average is C$20.91 and its 200 day simple moving average is C$16.74. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company has a market cap of C$2.89 billion, a P/E ratio of 21.57 and a beta of 2.28.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.30 EPS for the quarter. The company had revenue of C$1.08 billion during the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%. On average, research analysts forecast that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, November 17th. This is a boost from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio (DPR) is 9.77%.

Insiders Place Their Bets

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of C$13.70 per share, with a total value of C$250,025.00. Following the completion of the purchase, the insider owned 36,500 shares in the company, valued at approximately C$500,050. The trade was a 100.00% increase in their ownership of the stock. Insiders bought 19,302 shares of company stock worth $271,627 in the last 90 days. Insiders own 0.49% of the company’s stock.

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.