Enerflex (NYSE:EFXT) Hits New 52-Week High - Still a Buy?

Enerflex Ltd. (NYSE:EFXT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.90 and last traded at $9.90, with a volume of 320 shares traded. The stock had previously closed at $9.48.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their target price on shares of Enerflex from $9.00 to $12.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th.

Enerflex Stock Performance

The firm has a 50 day moving average of $7.87 and a two-hundred day moving average of $6.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The stock has a market cap of $1.21 billion, a PE ratio of -15.43 and a beta of 2.21.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th will be issued a $0.0268 dividend. This is a boost from Enerflex's previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 annualized dividend and a dividend yield of 1.10%. Enerflex's dividend payout ratio is presently -17.46%.

Institutional Investors Weigh In On Enerflex

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in Enerflex in the third quarter valued at approximately $65,000. Acadian Asset Management LLC raised its stake in Enerflex by 17,674.4% during the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company's stock valued at $81,000 after acquiring an additional 15,200 shares during the last quarter. West Tower Group LLC acquired a new position in shares of Enerflex in the third quarter valued at approximately $119,000. Fiera Capital Corp increased its stake in Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company's stock valued at $134,000 after buying an additional 13,390 shares during the period. Finally, Net Worth Advisory Group acquired a new position in shares of Enerflex during the third quarter worth about $146,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

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.