Enerflex (TSE:EFX) Hits New 1-Year High - Should You Buy?

Enerflex Ltd. (TSE:EFX - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$14.18 and last traded at C$14.18, with a volume of 174886 shares traded. The stock had previously closed at C$13.89.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EFX shares. TD Securities increased their price target on Enerflex from C$12.00 to C$15.00 and gave the stock a "buy" rating in a research 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 note on Friday, November 15th. Raymond James upped their price target on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. Acumen Capital lifted their price objective on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Finally, ATB Capital raised their price target on shares of Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Enerflex has a consensus rating of "Moderate Buy" and a consensus target price of C$13.47.

Enerflex Stock Performance

The firm has a market cap of C$1.76 billion, a price-to-earnings ratio of -12.33 and a beta of 1.71. The firm's 50 day moving average price is C$11.39 and its 200-day moving average price is C$8.93. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Enerflex's previous quarterly dividend of $0.03. Enerflex's dividend payout ratio (DPR) is currently -8.70%.

Insider Activity at Enerflex

In other Enerflex news, Director Joanne Linette Cox purchased 2,500 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was 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 currently owned by corporate insiders.

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.