Enerflex (NYSE:EFXT) Hits New 1-Year High – Here’s Why

Enerflex Ltd. (NYSE:EFXT) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.21 and last traded at $10.16, with a volume of 147658 shares traded. The stock had previously closed at $9.95.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price objective on shares of Enerflex from $9.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th.

Enerflex Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The company has a 50 day moving average of $8.78 and a 200 day moving average of $6.80. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -16.32 and a beta of 2.21.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th will be issued a $0.0268 dividend. This is a boost from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, November 26th. Enerflex’s dividend payout ratio is presently -17.46%.

Institutional Trading of Enerflex

Several institutional investors have recently made changes to their positions in EFXT. B. Riley Wealth Advisors Inc. acquired a new position in shares of Enerflex in the 3rd quarter valued at $65,000. Acadian Asset Management LLC increased its position in shares of Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after acquiring an additional 15,200 shares during the last quarter. West Tower Group LLC purchased a new stake in shares of Enerflex in the 3rd quarter valued at approximately $119,000. Fiera Capital Corp lifted its holdings in shares of Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after acquiring an additional 13,390 shares during the last quarter. Finally, Net Worth Advisory Group purchased a new position in shares of Enerflex during the 3rd quarter worth approximately $146,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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.