Enerflex (TSE:EFX) Stock Price Up 5.1% – Here’s Why

Enerflex Ltd. (TSE:EFX)’s stock price shot up 5.1% during mid-day trading on Tuesday . The stock traded as high as C$9.58 and last traded at C$9.52. 191,130 shares traded hands during trading, a decline of 64% from the average session volume of 538,041 shares. The stock had previously closed at C$9.06.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. National Bankshares lifted their price target on Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Raymond James upped their price target on Enerflex from C$17.00 to C$17.75 in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enerflex currently has an average rating of “Hold” and a consensus target price of C$13.97.

Enerflex Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The company has a market capitalization of C$1.17 billion, a P/E ratio of -10.26 and a beta of 1.71. The company’s 50-day moving average is C$11.20 and its two-hundred day moving average is C$11.74.

Enerflex Announces Dividend

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

Insider Activity at Enerflex

In other Enerflex news, Senior Officer Joseph Paul John Ladouceur purchased 3,000 shares of Enerflex stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of C$11.41 per share, for a total transaction of C$34,233.00. Insiders have bought a total of 6,200 shares of company stock valued at $69,129 over the last 90 days. 0.49% of the stock is owned by insiders.

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.