Enerflex Ltd. (TSE:EFX) Director Acquires C$34,115.00 in Stock

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

Enerflex Price Performance

Shares of TSE:EFX opened at C$13.50 on Friday. The stock has a market cap of C$1.67 billion, a PE ratio of -11.74 and a beta of 1.71. The company’s fifty day moving average is C$10.70 and its 200 day moving average is C$8.58. Enerflex Ltd. has a 52 week low of C$5.78 and a 52 week high of C$13.86. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84.

Enerflex Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EFX. TD Securities upped their target price on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Acumen Capital increased their price target on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th. BMO Capital Markets increased their price target on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. ATB Capital increased their price target on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Finally, Raymond James increased their price target on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.59.

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.