Enerflex (TSE:EFX) Reaches New 12-Month High - Here's Why

Key Points

• Enerflex Ltd. shares reached a new 52-week high, trading at C$15.59, with analysts projecting further growth and rating the stock as "outperform" or "buy."
• Recent price target adjustments include increases from several analysts, with consensus ratings reflecting a "Moderate Buy" and an average target of C$16.61.
• The company declared a quarterly dividend of $0.0375, representing an annualized payout of $0.15 and an annual dividend yield of 1.0%.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$15.59 and last traded at C$15.43, with a volume of 18209 shares changing hands. The stock had previously closed at C$15.39.

Wall Street Analyst Weigh In

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

Enerflex Stock Performance

The stock has a 50 day moving average of C$13.48 and a 200 day moving average of C$11.33. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The company has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 14.73 and a beta of 2.39.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd were given a $0.0375 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.0%. Enerflex's payout ratio is 9.50%.

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.

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