Enerflex (NYSE:EFXT) Reaches New 12-Month High - Here's Why

Key Points

• Enerflex hit a new 52‑week high of $27.26, trading around $27.21 and up roughly 4.2% on the session — notably above the Street's average price target of $25.75.
• Analyst sentiment is mixed but overall positive: MarketBeat shows a consensus "Moderate Buy" (1 Strong Buy, 3 Buy, 2 Hold), with recent target increases from RBC and CIBC and an upgrade from Zacks.
• The company has a market cap of $3.45 billion, a P/E of 55.34 and debt/equity of 0.58; it pays a quarterly dividend of $0.0425 (annual yield ~0.6%, payout ratio ~23.5%) and institutional investors own about 46.5% of the shares.

Enerflex Ltd. (NYSE:EFXT - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $27.26 and last traded at $27.2060, with a volume of 387491 shares traded. The stock had previously closed at $27.16.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Raymond James Financial cut Enerflex from a "strong-buy" rating to an "outperform" rating in a report on Tuesday, February 3rd. Zacks Research raised Enerflex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Royal Bank Of Canada boosted their price objective on Enerflex from $20.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, April 14th. Canadian Imperial Bank of Commerce boosted their price objective on Enerflex from $16.75 to $25.50 and gave the stock a "neutral" rating in a report on Thursday, April 16th. Finally, Wall Street Zen cut Enerflex from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Enerflex presently has an average rating of "Moderate Buy" and an average price target of $25.75.

Enerflex Trading Up 4.2%

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13. The business has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $17.52. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 55.34 and a beta of 1.93.

Enerflex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.17 dividend on an annualized basis and a yield of 0.6%. Enerflex's dividend payout ratio is 23.53%.

Hedge Funds Weigh In On Enerflex

Large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in Enerflex during the 4th quarter worth approximately $31,000. Plato Investment Management Ltd boosted its position in Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company's stock worth $72,000 after acquiring an additional 3,730 shares during the last quarter. SG Americas Securities LLC acquired a new position in Enerflex during the 4th quarter worth approximately $119,000. Gunderson Capital Management LLC acquired a new position in Enerflex during the 1st quarter worth approximately $203,000. Finally, D Orazio & Associates Inc. boosted its position in Enerflex by 14.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company's stock worth $125,000 after acquiring an additional 1,497 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

About Enerflex

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.

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