Enerflex (TSE:EFX) Hits New 1-Year High - Still a Buy?

Enerflex Ltd. (TSE:EFX - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as C$15.09 and last traded at C$15.00, with a volume of 95522 shares trading hands. The stock had previously closed at C$14.83.

Analyst Ratings Changes

Several equities research analysts have commented on EFX shares. ATB Capital boosted their price objective on Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. Raymond James increased their price objective on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. National Bankshares lifted their target price on shares of Enerflex from C$11.00 to C$16.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 19th. Acumen Capital increased their target price on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Finally, BMO Capital Markets raised their price target on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.47.

Enerflex Stock Down 0.6 %

The business's 50 day simple moving average is C$12.25 and its 200 day simple moving average is C$9.36. 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 has a market capitalization of C$1.83 billion, a PE ratio of -12.82 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Enerflex's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 1.02%. Enerflex's dividend payout ratio is currently -8.70%.

Insiders Place Their Bets

In other news, Director Joanne Linette Cox acquired 2,500 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of C$13.65 per share, for a total transaction of C$34,115.00. 0.49% of the stock is owned by insiders.

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.