Insider Buying: Enerflex Ltd. (TSE:EFX) Director Acquires 1,000 Shares of Stock

Enerflex Ltd. (TSE:EFX) Director Joanne Linette Cox bought 1,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of C$10.92 per share, with a total value of C$10,918.00.

Enerflex Price Performance

TSE:EFX traded up C$0.35 on Monday, reaching C$11.19. The stock had a trading volume of 103,982 shares, compared to its average volume of 559,731. The company has a market capitalization of C$1.39 billion, a P/E ratio of -12.16 and a beta of 1.71. The stock has a fifty day moving average price of C$12.69 and a 200-day moving average price of C$11.46. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. Enerflex Ltd. has a 1-year low of C$6.30 and a 1-year high of C$15.22.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Monday, March 10th. Enerflex’s dividend payout ratio is -10.86%.

Wall Street Analysts Forecast Growth

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