Enerflex (NYSE:EFXT) Sets New 1-Year High – Still a Buy?

Enerflex Ltd. (NYSE:EFXT) reached a new 52-week high on Thursday . The stock traded as high as $7.30 and last traded at $7.29, with a volume of 7754 shares changing hands. The stock had previously closed at $7.25.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their price objective on Enerflex from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th.

Enerflex Price Performance

The stock has a market capitalization of $914.21 million, a price-to-earnings ratio of -8.73 and a beta of 1.89. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average is $6.17 and its 200 day moving average is $5.66.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $614.00 million during the quarter, compared to analysts’ expectations of $554.20 million. Enerflex had a negative net margin of 4.25% and a negative return on equity of 1.86%. Research analysts anticipate that Enerflex Ltd. will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EFXT. Acadian Asset Management LLC raised its holdings in Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after purchasing an additional 15,200 shares in the last quarter. Avidian Wealth Solutions LLC acquired a new position in Enerflex during the first quarter worth $90,000. Net Worth Advisory Group purchased a new position in Enerflex in the third quarter worth $146,000. Fiera Capital Corp lifted its holdings in Enerflex by 117.0% in the second quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after acquiring an additional 13,390 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Enerflex by 24.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after purchasing an additional 6,325 shares in the last quarter. 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.