Enerflex (NYSE:EFXT) Reaches New 1-Year High – Time to Buy?

Enerflex Ltd. (NYSE:EFXT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $17.39 and last traded at $17.20, with a volume of 48762 shares traded. The stock had previously closed at $16.94.

Analyst Ratings Changes

A number of equities analysts have weighed in on EFXT shares. Raymond James Financial upgraded Enerflex from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Enerflex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $14.63.

Enerflex Trading Up 2.7%

The stock has a market capitalization of $2.21 billion, a P/E ratio of 16.47 and a beta of 1.96. The stock’s fifty day moving average price is $15.37 and its two-hundred day moving average price is $12.22. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $777.00 million during the quarter, compared to analysts’ expectations of $682.88 million. Enerflex had a return on equity of 12.35% and a net margin of 5.43%. Equities research analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.0425 dividend. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.9%. Enerflex’s dividend payout ratio is presently 10.91%.

Hedge Funds Weigh In On Enerflex

A number of large investors have recently bought and sold shares of EFXT. Acadian Asset Management LLC increased its holdings in Enerflex by 29.0% during the 2nd quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after purchasing an additional 466,535 shares during the period. Intact Investment Management Inc. bought a new stake in shares of Enerflex in the 3rd quarter worth approximately $5,053,000. NewGen Equity Long Short Fund bought a new stake in shares of Enerflex in the 2nd quarter worth approximately $5,628,000. Public Employees Retirement System of Ohio increased its stake in shares of Enerflex by 43.6% during the second quarter. Public Employees Retirement System of Ohio now owns 165,373 shares of the company’s stock valued at $1,303,000 after buying an additional 50,193 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in shares of Enerflex during the second quarter valued at approximately $1,718,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

About Enerflex

Enerflex Ltd is a Calgary?headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.