Enerflex (TSE:EFX) Hits New 1-Year High on Analyst Upgrade

Enerflex Ltd. (TSE:EFX) hit a new 52-week high during mid-day trading on Monday after Acumen Capital raised their price target on the stock from C$12.00 to C$15.00. The company traded as high as C$12.26 and last traded at C$12.20, with a volume of 50252 shares traded. The stock had previously closed at C$11.75.

EFX has been the subject of a number of other research reports. TD Securities raised their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday. ATB Capital increased their target price on Enerflex from C$12.00 to C$15.00 in a research note on Friday. Raymond James upped their target price on Enerflex from C$12.00 to C$13.75 in a research note on Friday. Finally, BMO Capital Markets lifted their price target on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Stock Performance

The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The company’s fifty day simple moving average is C$8.77 and its two-hundred day simple moving average is C$7.87. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be paid a $0.0375 dividend. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of ∞. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

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.