Insider Buying: Enerflex Ltd. (TSE:EFX) Senior Officer Purchases 3,000 Shares of Stock

Enerflex Ltd. (TSE:EFX) Senior Officer Joseph Paul John Ladouceur purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average price of C$11.41 per share, with a total value of C$34,233.00.

Enerflex Stock Performance

Shares of TSE EFX remained flat at C$10.94 during mid-day trading on Friday. 83,949 shares of the stock were exchanged, compared to its average volume of 542,825. The firm has a market cap of C$1.36 billion, a PE ratio of -11.88 and a beta of 1.71. The stock’s 50 day moving average price is C$12.42 and its 200-day moving average price is C$11.51. Enerflex Ltd. has a 12-month low of C$6.30 and a 12-month high of C$15.22. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 24th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.15 annualized dividend and a yield of 1.37%. Enerflex’s dividend payout ratio (DPR) is currently -10.86%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. ATB Capital lifted their target price on Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Raymond James raised their target price on shares of Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. Finally, National Bankshares upped their price target on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$13.97.

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.