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

by · The Cerbat Gem

Shares of Enerflex Ltd. (TSE:EFX – Get Free Report) reached a new 52-week high during mid-day trading on Thursday after Raymond James Financial upgraded the stock from an outperform rating to a strong-buy rating. Raymond James Financial now has a C$25.00 price target on the stock, up from their previous price target of C$24.50. Enerflex traded as high as C$21.60 and last traded at C$21.60, with a volume of 628940 shares. The stock had previously closed at C$21.13.

A number of other analysts also recently issued reports on EFX. National Bankshares lifted their target price on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Desjardins boosted their price target on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. TD Securities increased their price objective 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 boosted their target price on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, ATB Capital upped their price target on shares of Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Enerflex presently has an average rating of “Moderate Buy” and an average price target of C$20.97.

Get Our Latest Report on Enerflex

Insider Buying and Selling

In other news, insider Paul Mahoney acquired 18,250 shares of the stock in a transaction on Monday, November 10th. The shares were purchased at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the transaction, the insider directly owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This represents a 100.00% increase in their ownership of the stock. 0.49% of the stock is currently owned by corporate insiders.

Enerflex Trading Up 1.2%

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 capitalization of C$2.66 billion, a price-to-earnings ratio of 19.86 and a beta of 2.16. The firm has a fifty day moving average price of C$17.96 and a 200-day moving average price of C$14.20.

Enerflex (TSE:EFX – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.30 earnings per share for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. The business had revenue of C$1.08 billion during the quarter. As a group, equities analysts anticipate that Enerflex Ltd. will post 0.734413 EPS for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were issued a dividend of $0.0425 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. Enerflex’s payout ratio is currently 9.77%.

About Enerflex

(Get Free Report)

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.

See Also