Enerflex (TSE:EFX) Hits New 52-Week High - Here's What Happened

Enerflex Ltd. (TSE:EFX - Get Free Report)'s stock price hit a new 52-week high on Friday . The stock traded as high as C$15.09 and last traded at C$15.06, with a volume of 149023 shares trading hands. The stock had previously closed at C$14.78.

Analyst Ratings Changes

A number of research firms have weighed in on EFX. National Bankshares raised their price target on Enerflex from C$11.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Thursday, December 19th. TD Securities boosted their target price on Enerflex from C$12.00 to C$15.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Acumen Capital increased their price target on shares of Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Raymond James boosted their price objective on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. Finally, ATB Capital upped their target price on shares of Enerflex from C$15.00 to C$17.00 in a report 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$13.47.

Enerflex Trading Up 2.1 %

The business has a 50 day moving average of C$13.35 and a 200-day moving average of C$9.87. The stock has a market cap of C$1.87 billion, a PE ratio of -13.12 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Tuesday, November 26th. This is a positive change from Enerflex's previous quarterly dividend of $0.03. Enerflex's payout ratio is currently -8.70%.

Insiders Place Their Bets

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