Enerflex (NYSE:EFXT) Hits New 12-Month High – Should You Buy?

Enerflex Ltd. (NYSE:EFXT)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $7.59 and last traded at $7.56, with a volume of 45796 shares. The stock had previously closed at $7.48.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their target price on Enerflex from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, August 9th.

Enerflex Trading Up 1.9 %

The company has a fifty day moving average of $6.30 and a 200 day moving average of $5.71. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92.

Hedge Funds Weigh In On Enerflex

Several institutional investors and hedge funds have recently bought and sold shares of the business. TD Asset Management Inc lifted its position in Enerflex by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 152,701 shares of the company’s stock worth $824,000 after buying an additional 2,789 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Enerflex by 3.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company’s stock valued at $1,103,000 after buying an additional 5,864 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Enerflex by 24.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock valued at $174,000 after purchasing an additional 6,325 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Enerflex by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company’s stock worth $965,000 after acquiring an additional 7,700 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its stake in Enerflex by 15.0% in the third quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company’s stock valued at $455,000 after acquiring an additional 9,975 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

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.