Enerflex (TSE:EFX) Sets New 1-Year High Following Analyst Upgrade

Enerflex Ltd. (TSE:EFX)’s stock price reached a new 52-week high on Monday after TD Securities raised their price target on the stock from C$28.00 to C$39.00. TD Securities currently has a buy rating on the stock. Enerflex traded as high as C$32.55 and last traded at C$32.36, with a volume of 312874 shares changing hands. The stock had previously closed at C$30.61.

EFX has been the subject of several other research reports. BMO Capital Markets upped their price target on shares of Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 target price for the company. in a research note on Wednesday, February 4th. National Bank Financial lifted their price target on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 price target on Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, Royal Bank Of Canada lifted their target price on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$24.97.

Enerflex Price Performance

The firm has a market capitalization of C$3.70 billion, a PE ratio of 27.61 and a beta of 2.41. The business’s 50 day moving average is C$24.09 and its two-hundred day moving average is C$19.44. The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. Enerflex had a return on equity of 6.74% and a net margin of 2.49%.The firm had revenue of C$821.97 million during the quarter. Equities research analysts anticipate that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 11th. Enerflex’s payout ratio is presently 9.77%.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.