Enerflex Ltd. (TSE:EFX) Director Joanne Linette Cox Buys 2,500 Shares

Enerflex Ltd. (TSE:EFX) Director Joanne Linette Cox acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of C$13.65 per share, with a total value of C$34,115.00.

Enerflex Stock Performance

Shares of EFX stock opened at C$13.50 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. Enerflex Ltd. has a 12-month low of C$5.78 and a 12-month high of C$13.86. The business’s 50 day moving average is C$10.70 and its two-hundred day moving average is C$8.57. The company has a market capitalization of C$1.67 billion, a P/E ratio of -11.74 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.11%. Enerflex’s dividend payout ratio (DPR) is -8.70%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. ATB Capital raised their target price on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday. Acumen Capital lifted their price objective on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Raymond James upped their target price on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. TD Securities lifted their price target on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets upped their price objective on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$12.59.

Enerflex Company Profile

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.