Enerflex (TSE:EFX) Sets New 52-Week High – Time to Buy?

Enerflex Ltd. (TSE:EFX)’s stock price hit a new 52-week high on Monday . The company traded as high as C$25.36 and last traded at C$25.11, with a volume of 114501 shares traded. The stock had previously closed at C$24.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. National Bankshares raised their target price on shares of Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. TD Securities raised their price target on Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, November 7th. CIBC upped their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research note on Friday, November 7th. ATB Capital set a C$26.00 price objective on Enerflex and gave the company an “outperform” rating in a research note on Friday, December 19th. Finally, Royal Bank Of Canada upped their target price on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.34.

Enerflex Stock Up 0.8%

The firm’s fifty day moving average is C$21.35 and its 200-day moving average is C$17.12. The stock has a market capitalization of C$3.07 billion, a price-to-earnings ratio of 22.90 and a beta of 2.28. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20.

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

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were given a $0.0425 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.17 annualized dividend and a yield of 0.7%. This is an increase from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s payout ratio is 9.77%.

Insider Transactions at Enerflex

In other news, insider Paul Mahoney acquired 18,250 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the completion of the acquisition, the insider directly owned 36,500 shares in the company, valued at C$500,050. This represents a 100.00% increase in their position. In the last three months, insiders have bought 19,302 shares of company stock valued at $271,627. Corporate 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.