Enerflex (TSE:EFX) Reaches New 12-Month High Following Analyst Upgrade

Shares of Enerflex Ltd. (TSE:EFX) reached a new 52-week high during trading on Thursday after ATB Capital raised their price target on the stock from C$19.00 to C$19.50. ATB Capital currently has an outperform rating on the stock. Enerflex traded as high as C$16.68 and last traded at C$16.67, with a volume of 53997 shares changing hands. The stock had previously closed at C$16.17.

EFX has been the subject of a number of other research reports. Raymond James Financial increased their price target on shares of Enerflex from C$17.75 to C$18.25 and gave the company an “outperform” rating in a report on Friday, August 8th. BMO Capital Markets increased their price target on shares of Enerflex from C$18.00 to C$20.00 in a report on Friday, October 10th. TD Securities increased their price target on shares of Enerflex from C$17.00 to C$19.00 in a report on Tuesday, October 14th. Desjardins increased their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada increased their price target on shares of Enerflex from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.53.

Enerflex Stock Performance

The stock has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 16.76 and a beta of 2.37. The stock’s 50 day moving average is C$14.81 and its 200 day moving average is C$11.92. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 18th. Enerflex’s dividend payout ratio is presently 9.50%.

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.