Enerflex (TSE:EFX) Reaches New 12-Month High on Analyst Upgrade

Enerflex Ltd. (TSE:EFX)’s share price reached a new 52-week high on Monday after TD Securities raised their price target on the stock from C$28.00 to C$39.00. TD Securities currently has a buy rating on the stock. Enerflex traded as high as C$32.55 and last traded at C$32.36, with a volume of 312874 shares traded. The stock had previously closed at C$30.61.

A number of other research analysts have also recently weighed in on the stock. Canadian Imperial Bank of Commerce increased their target price on shares of Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research report on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 price objective on Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 target price for the company. in a research report on Wednesday, February 4th. National Bank Financial upped their price target on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets increased their price target on Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Enerflex currently has an average rating of “Moderate Buy” and an average price target of C$24.97.

Enerflex Price Performance

The business has a fifty day moving average of C$23.90 and a 200-day moving average of C$19.32. The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 64.41. The firm has a market cap of C$3.89 billion, a PE ratio of 29.04 and a beta of 2.41.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, February 25th. The company reported C$0.28 earnings per share for the quarter. Enerflex had a return on equity of 6.74% and a net margin of 2.49%.The business had revenue of C$821.97 million during the quarter. As a group, research analysts predict that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 11th. Enerflex’s dividend payout ratio is 9.77%.

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.