Enerflex (TSE:EFX) Sets New 1-Year High - Here's What Happened

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$9.23 and last traded at C$9.12, with a volume of 33964 shares trading hands. The stock had previously closed at C$9.06.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EFX. BMO Capital Markets upped their price target on Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. ATB Capital lowered their price target on Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. Raymond James upped their price target on Enerflex from C$11.75 to C$12.00 in a research note on Tuesday, October 15th. Finally, TD Securities upped their price target on Enerflex from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$10.67.

Enerflex Trading Up 0.6 %

The business has a 50 day moving average of C$8.07 and a 200-day moving average of C$7.66. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The firm has a market capitalization of C$1.13 billion, a P/E ratio of -7.94 and a beta of 1.71.

Enerflex (TSE:EFX - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.08 by C($0.03). Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. The business had revenue of C$840.09 million for the quarter, compared to the consensus estimate of C$761.73 million. Analysts anticipate that Enerflex Ltd. will post 0.734413 EPS for the current fiscal year.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, August 22nd. Enerflex's dividend payout ratio (DPR) is currently -8.70%.

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.