Enerflex (TSE:EFX) Reaches New 52-Week High at $8.64

Enerflex Ltd. (TSE:EFX) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$8.64 and last traded at C$8.59, with a volume of 277335 shares changing hands. The stock had previously closed at C$8.15.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EFX shares. BMO Capital Markets boosted their target price on Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. TD Securities increased their price objective on shares of Enerflex from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, ATB Capital decreased their price target on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$10.44.

Enerflex Price Performance

The firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of -7.60 and a beta of 1.72. The business has a 50-day moving average price of C$7.73 and a two-hundred day moving average price of C$7.58. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84.

Enerflex (TSE:EFX) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.03). The business had revenue of C$840.09 million during the quarter, compared to the consensus estimate of C$761.73 million. Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. As a group, research analysts forecast that Enerflex Ltd. will post 0.7317518 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.10 annualized dividend and a dividend yield of 1.16%. Enerflex’s dividend payout ratio (DPR) is -8.85%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.