Enerflex (NYSE:EFXT) Sets New 12-Month High – Here’s Why

Enerflex Ltd. (NYSE:EFXT)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $10.56 and last traded at $10.59, with a volume of 96279 shares trading hands. The stock had previously closed at $10.44.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price target on shares of Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, November 15th.

Enerflex Price Performance

The firm has a market capitalization of $1.31 billion, a PE ratio of -16.72 and a beta of 2.04. The company has a 50-day moving average price of $9.52 and a 200-day moving average price of $7.21. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.0268 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is currently -19.05%.

Institutional Trading of Enerflex

Several hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Enerflex in the third quarter valued at $65,000. West Tower Group LLC purchased a new stake in Enerflex in the 3rd quarter valued at about $119,000. Net Worth Advisory Group acquired a new position in shares of Enerflex during the 3rd quarter valued at about $146,000. Barclays PLC increased its stake in shares of Enerflex by 2,616,800.0% during the 3rd quarter. Barclays PLC now owns 26,169 shares of the company’s stock valued at $156,000 after acquiring an additional 26,168 shares during the last quarter. Finally, Aristides Capital LLC purchased a new position in shares of Enerflex during the 2nd quarter worth about $262,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

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.