Enerflex (TSE:EFX) Reaches New 12-Month High – Should You Buy?

Enerflex Ltd. (TSE:EFX) reached a new 52-week high on Monday . The company traded as high as C$9.23 and last traded at C$9.12, with a volume of 33964 shares traded. The stock had previously closed at C$9.06.

Analysts Set New Price Targets

EFX has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. ATB Capital lowered their price target on Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. Raymond James raised their price objective on shares of Enerflex from C$11.75 to C$12.00 in a research report on Tuesday, October 15th. Finally, TD Securities lifted their target price on shares of Enerflex from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and a consensus target price of C$10.67.

Enerflex Trading Up 0.9 %

The company’s fifty day moving average is C$8.07 and its 200-day moving average is C$7.66. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The firm has a market capitalization of C$1.13 billion, a P/E ratio of -7.93 and a beta of 1.71.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.03). Enerflex had a negative net margin of 4.30% and a negative return on equity of 9.39%. The business had revenue of C$840.09 million during the quarter, compared to analyst estimates of C$761.73 million. As a group, sell-side analysts anticipate that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.09%. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.