Enerflex Ltd. (TSE:EFX - Get Free Report) Director Joanne Linette Cox bought 2,500 shares of Enerflex stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of C$13.65 per share, with a total value of C$34,115.00.
Enerflex Stock Down 1.2 %
Shares of EFX opened at C$13.50 on Friday. The firm's 50-day simple moving average is C$10.59 and its 200 day simple moving average is C$8.52. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The firm has a market cap of C$1.67 billion, a P/E ratio of -11.74 and a beta of 1.71. Enerflex Ltd. has a 52 week low of C$5.75 and a 52 week high of C$13.86.
Enerflex Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. This is a boost from Enerflex's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, November 26th. Enerflex's dividend payout ratio (DPR) is presently -8.70%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Raymond James raised their price objective on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Acumen Capital upped their price objective on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. ATB Capital boosted their target price on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday. BMO Capital Markets lifted their price objective on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Finally, TD Securities upped their target price on shares of Enerflex from C$12.00 to C$15.00 and gave the company a "buy" rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$12.59.
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Enerflex Company Profile
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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.
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