Insider Buying: Enerflex Ltd. (TSE:EFX) Director Buys C$10,918.00 in Stock

Enerflex Ltd. (TSE:EFX) Director Joanne Linette Cox acquired 1,000 shares of the stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of C$10.92 per share, for a total transaction of C$10,918.00.

Enerflex Stock Performance

Shares of TSE:EFX opened at C$11.13 on Thursday. The firm’s 50 day simple moving average is C$12.50 and its 200-day simple moving average is C$11.51. 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 Ltd. has a one year low of C$6.30 and a one year high of C$15.22. The firm has a market cap of C$1.38 billion, a PE ratio of -12.09 and a beta of 1.71.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 24th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Monday, March 10th. Enerflex’s dividend payout ratio (DPR) is presently -10.86%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EFX. Raymond James lifted their target price on Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. National Bankshares lifted their price objective on Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Finally, ATB Capital increased their target price on Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$13.97.

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.