Enerflex (NYSE:EFXT) Sets New 1-Year High – What’s Next?

Shares of Enerflex Ltd. (NYSE:EFXT) reached a new 52-week high on Tuesday . The company 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.

Analyst Upgrades and Downgrades

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

Enerflex Price Performance

The firm has a market capitalization of $1.27 billion, a P/E ratio of -16.27 and a beta of 2.04. The company has a 50 day moving average of $9.64 and a 200-day moving average of $7.27. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, November 26th were given a $0.0268 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio (DPR) is presently -19.05%.

Institutional Investors Weigh In On Enerflex

A number of large investors have recently modified their holdings of EFXT. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Enerflex during the third quarter valued at about $65,000. West Tower Group LLC bought a new stake in Enerflex during the third quarter valued at $119,000. Net Worth Advisory Group bought a new stake in shares of Enerflex during the 3rd quarter valued at about $146,000. Barclays PLC grew its position 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 worth $156,000 after buying an additional 26,168 shares during the period. Finally, Aristides Capital LLC acquired a new stake in Enerflex in the second quarter worth $262,000. Institutional investors and hedge funds 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.