Enerflex Ltd (TSE:EFX) Director Purchases C$27,300.00 in Stock

Enerflex Ltd (TSE:EFX) Director Michael Weill bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of C$13.65 per share, for a total transaction of C$27,300.00. Following the purchase, the director now owns 4,000 shares of the company’s stock, valued at C$54,600.

Shares of Enerflex stock opened at C$13.22 on Thursday. The company has a debt-to-equity ratio of 30.15, a current ratio of 1.54 and a quick ratio of 1.18. The company has a market capitalization of $1.26 billion and a PE ratio of 10.97. Enerflex Ltd has a 1-year low of C$13.19 and a 1-year high of C$20.38. The business’s 50-day moving average price is C$16.48.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.42 annualized dividend and a yield of 3.18%. Enerflex’s dividend payout ratio is 34.02%.

Several analysts have weighed in on the stock. National Bank Financial decreased their price objective on shares of Enerflex from C$20.50 to C$20.00 and set a “sector perform” rating on the stock in a research note on Friday, August 9th. Raymond James reaffirmed an “outperform” rating and set a C$22.50 price objective on shares of Enerflex in a research note on Friday, August 9th. CIBC decreased their price objective on shares of Enerflex from C$23.50 to C$22.00 in a research note on Wednesday, May 29th. TD Securities cut shares of Enerflex from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$23.00 to C$19.00 in a research note on Monday. Finally, Royal Bank of Canada decreased their price objective on shares of Enerflex from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Monday.

Enerflex Company Profile

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.

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