Enerflex (TSE:EFX) Reaches New 1-Year High – Here’s What Happened

Enerflex Ltd. (TSE:EFX) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$9.87 and last traded at C$9.87, with a volume of 11712 shares. The stock had previously closed at C$9.70.

Wall Street Analysts Forecast Growth

Several research firms have commented on EFX. Raymond James increased their target price on shares of Enerflex from C$11.75 to C$12.00 in a research report on Tuesday, October 15th. BMO Capital Markets increased their price target on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. TD Securities boosted their price objective on Enerflex from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, ATB Capital dropped their price target on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and a consensus price target of C$10.67.

Enerflex Stock Up 4.6 %

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 firm’s 50 day moving average is C$8.36 and its two-hundred day moving average is C$7.73. The firm has a market capitalization of C$1.26 billion, a P/E ratio of -8.43 and a beta of 1.71.

Enerflex (TSE:EFX) last announced its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share 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 firm had revenue of C$840.09 million for the quarter, compared to the consensus estimate of C$761.73 million. Research analysts predict that Enerflex Ltd. will post 0.734413 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.10 annualized dividend and a dividend yield of 0.99%. Enerflex’s payout ratio is -8.70%.

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.