Insider Buying: Enerflex (TSE:EFX) Insider Purchases 1,265 Shares of Stock

Enerflex Ltd. (TSE:EFX) insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of C$39.00 per share, with a total value of C$49,335.00. Following the purchase, the insider directly owned 5,757 shares in the company, valued at C$224,523. This trade represents a 28.16% increase in their position.

Gurpreet (Preet) Singh Dhindsa also recently made the following trade(s):

• On Friday, May 8th, Gurpreet (Preet) Singh Dhindsa acquired 405 shares of Enerflex stock. The stock was purchased at an average price of C$38.50 per share, for a total transaction of C$15,592.50.
• On Friday, May 8th, Gurpreet (Preet) Singh Dhindsa acquired 20 shares of Enerflex stock. The shares were acquired at an average cost of C$39.00 per share, for a total transaction of C$780.00.
• On Friday, May 8th, Gurpreet (Preet) Singh Dhindsa bought 41 shares of Enerflex stock. The shares were acquired at an average price of C$39.38 per share, with a total value of C$1,614.58.
• On Friday, May 8th, Gurpreet (Preet) Singh Dhindsa bought 6 shares of Enerflex stock. The stock was acquired at an average price of C$39.26 per share, with a total value of C$235.56.

Enerflex Stock Performance

Shares of TSE EFX traded up C$0.34 during midday trading on Tuesday, hitting C$36.88. The company’s stock had a trading volume of 289,020 shares, compared to its average volume of 733,978. The stock has a fifty day moving average price of C$31.23 and a 200 day moving average price of C$24.92. Enerflex Ltd. has a one year low of C$9.32 and a one year high of C$39.95. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 54.47. The firm has a market capitalization of C$4.50 billion, a price-to-earnings ratio of 54.24 and a beta of 2.28.

Enerflex (TSE:EFX) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.28 EPS for the quarter. The company had revenue of C$821.97 million during the quarter. Enerflex had a net margin of 3.31% and a return on equity of 7.72%. On average, research analysts forecast that Enerflex Ltd. will post 0.734413 EPS for the current fiscal year.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.17 annualized dividend and a yield of 0.5%. Enerflex’s payout ratio is currently 16.98%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EFX shares. TD Securities increased their price objective on Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. ATB Cormark Capital Markets lifted their price target on Enerflex from C$42.00 to C$46.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada lifted their target price on shares of Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday. National Bank Financial upgraded shares of Enerflex from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$31.50 to C$42.50 in a research report on Thursday, May 7th. Finally, BMO Capital Markets upped their target price on shares of Enerflex from C$39.00 to C$45.00 in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average target price of C$35.16.

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.