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

Key Points

• Enerflex Ltd. shares reached a new 52-week high of C$15.30, indicating positive market interest with 36,529 shares traded.
• Several analysts have upgraded their price targets for Enerflex, with range increases from C$15.00 to C$19.00, and the stock holds a consensus rating of "Moderate Buy".
• The company recently declared a quarterly dividend of $0.0375 per share, providing an annualized dividend yield of 1.0%.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$15.30 and last traded at C$15.30, with a volume of 36529 shares traded. The stock had previously closed at C$15.13.

Analysts Set New Price Targets

EFX has been the topic of several research analyst reports. Raymond James Financial increased 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. ATB Capital increased 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. BMO Capital Markets increased their price target on shares of Enerflex from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, TD Securities increased 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. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$16.88.

Enerflex Trading Up 1.5%

The firm's 50 day moving average is C$12.87 and its two-hundred day moving average is C$11.10. The stock has a market cap of C$1.88 billion, a price-to-earnings ratio of 14.77 and a beta of 2.39. 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 Dividend Announcement

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

Insider Activity at Enerflex

In other Enerflex news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of C$10.80, for a total value of C$109,437.43. Insiders own 0.49% of the company's stock.

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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