Enerflex (TSE:EFX) Reaches New 52-Week High - Here's Why

Key Points

• Reached a new 52-week high — Enerflex traded as high as C$37.45 (last C$37.34) on the day with about 72,462 shares changing hands, a move of roughly +3.9%.
• Analysts have been raising targets recently (BMO to C$35, Raymond James to C$40, TD to C$39); five analysts rate the stock Buy and three rate it Hold, with MarketBeat showing a consensus rating of "Moderate Buy."
• Recent fundamentals: market cap C$4.67B, P/E ~73.7, quarterly EPS C$0.28 on revenue of C$821.97M, and a small quarterly dividend of C$0.0425 (annualized C$0.17, yield ~0.4%).

Enerflex Ltd. (TSE:EFX - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$37.45 and last traded at C$37.34, with a volume of 72462 shares changing hands. The stock had previously closed at C$36.90.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets boosted their target price on Enerflex from C$27.00 to C$35.00 and gave the company an "outperform" rating in a research report on Thursday, February 26th. Raymond James Financial boosted their price objective on Enerflex from C$34.00 to C$40.00 in a report on Monday, March 30th. Finally, TD Securities boosted their target price on shares of Enerflex from C$28.00 to C$39.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$26.72.

Enerflex Stock Up 3.9%

The firm has a market capitalization of C$4.67 billion, a P/E ratio of 73.71 and a beta of 2.11. The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13. The business's fifty day moving average price is C$30.28 and its two-hundred day moving average price is C$24.15.

Enerflex (TSE:EFX - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a return on equity of 6.34% and a net margin of 2.70%.The business had revenue of C$821.97 million for the quarter. Equities analysts expect 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, March 25th. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.0425 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.4%. Enerflex's payout ratio is presently 21.37%.

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.

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