Enerflex (TSE:EFX) Trading Up 4.4% – Should You Buy?

Shares of Enerflex Ltd. (TSE:EFX) shot up 4.4% during mid-day trading on Tuesday . The company traded as high as C$9.58 and last traded at C$9.46. 232,422 shares were traded during trading, a decline of 57% from the average session volume of 538,554 shares. The stock had previously closed at C$9.06.

Wall Street Analyst Weigh In

A number of brokerages have commented on EFX. National Bankshares upped their price target on Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Raymond James boosted their target price on shares of Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$13.97.

Enerflex Stock Up 4.3 %

The business has a 50-day simple moving average of C$11.20 and a 200-day simple moving average of C$11.74. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of -10.27 and a beta of 1.71. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex’s payout ratio is -10.86%.

Insider Activity

In related news, Senior Officer Joseph Paul John Ladouceur bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of C$11.41 per share, with a total value of C$34,233.00. Over the last three months, insiders acquired 6,200 shares of company stock valued at $69,129. Insiders own 0.49% of the company’s stock.

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.