Enerflex (TSE:EFX) Hits New 1-Year High - What's Next?

Key Points

• Enerflex Ltd. recently hit a new 52-week high, trading at C$16.21, which reflects strong interest with a trading volume of 520,036 shares.
• Multiple analysts have upgraded their ratings on Enerflex, raising target prices significantly, with the average target now at C$16.61 and a consensus rating of "Moderate Buy."
• The company declared a quarterly dividend of $0.0375, yielding 0.9%, reflecting a healthy payout ratio of 9.50% and indicating solid financial management.

Enerflex Ltd. (TSE:EFX - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as C$16.21 and last traded at C$16.15, with a volume of 520036 shares. The stock had previously closed at C$15.95.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EFX shares. BMO Capital Markets increased their target price on shares of Enerflex from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. ATB Capital upped their price target on shares of Enerflex from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. TD Securities upped their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Royal Bank Of Canada upped their price target on shares of Enerflex from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a research report on Thursday, September 25th. Finally, Raymond James Financial upped their price target on shares of Enerflex from C$17.75 to C$18.25 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$16.61.

Enerflex Stock Up 1.3%

The firm's 50-day moving average price is C$13.84 and its 200 day moving average price is C$11.47. The firm has a market cap of C$1.97 billion, a P/E ratio of 15.53 and a beta of 2.37. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27.

Enerflex Announces Dividend

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

Enerflex Company Profile

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.

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