Joanne Linette Cox Buys 1,000 Shares of Enerflex Ltd. (TSE:EFX) Stock

Enerflex Ltd. (TSE:EFX) Director Joanne Linette Cox bought 1,000 shares of the business’s stock in a transaction on Friday, March 21st. The stock was purchased at an average price of C$10.92 per share, for a total transaction of C$10,918.00.

Enerflex Stock Up 3.2 %

Shares of EFX traded up C$0.35 during mid-day trading on Monday, hitting C$11.19. 103,982 shares of the company’s stock were exchanged, compared to its average volume of 559,731. The company has a 50-day simple moving average of C$12.69 and a 200 day simple moving average of C$11.46. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The company has a market cap of C$1.39 billion, a PE ratio of -12.16 and a beta of 1.71. Enerflex Ltd. has a 52 week low of C$6.30 and a 52 week high of C$15.22.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 24th will be paid a $0.0375 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.15 annualized dividend and a yield of 1.34%. Enerflex’s payout ratio is currently -10.86%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EFX shares. Raymond James lifted their price objective on Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. National Bankshares upped their price target on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Finally, ATB Capital raised their price objective on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$13.97.

About Enerflex

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.