Enerflex (TSE:EFX) Hits New 12-Month High – Here’s What Happened

Enerflex Ltd. (TSE:EFX)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$13.86 and last traded at C$13.44, with a volume of 824339 shares. The stock had previously closed at C$13.01.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Raymond James increased their price objective on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. TD Securities lifted their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, November 15th. ATB Capital increased their target price on Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th. BMO Capital Markets raised their target price on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Finally, Acumen Capital boosted their price target on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Stock Performance

The stock has a market cap of C$1.67 billion, a price-to-earnings ratio of -11.69 and a beta of 1.71. 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 firm has a fifty day moving average of C$10.26 and a 200 day moving average of C$8.41.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.12%. Enerflex’s dividend payout ratio (DPR) is -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.