Enerflex (TSE:EFX) Insider Purchases C$250,025.00 in Stock

Enerflex Ltd. (TSE:EFX) insider Paul Mahoney bought 18,250 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of C$13.70 per share, with a total value of C$250,025.00. Following the transaction, the insider directly owned 36,500 shares of the company’s stock, valued at C$500,050. The trade was a 100.00% increase in their ownership of the stock.

Enerflex Stock Down 1.0%

Enerflex stock traded down C$0.19 during midday trading on Wednesday, reaching C$18.88. The company’s stock had a trading volume of 218,651 shares, compared to its average volume of 482,167. The stock’s 50-day simple moving average is C$15.91 and its 200-day simple moving average is C$12.73. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 17.16 and a beta of 2.28. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. Enerflex Ltd. has a 52-week low of C$8.74 and a 52-week high of C$19.40.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, December 1st will be paid a $0.0425 dividend. The ex-dividend date is Monday, November 17th. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.9%. Enerflex’s dividend payout ratio (DPR) is currently 9.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EFX shares. TD Securities raised their price objective on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. BMO Capital Markets raised their price objective on Enerflex from C$20.00 to C$23.00 in a report on Monday. Desjardins upped their price objective on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. ATB Capital increased their price objective on shares of Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Raymond James Financial boosted their target price on Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and an average target price of C$20.19.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.