Enerflex (TSE:EFX) Shares Up 5.1% – What’s Next?

Enerflex Ltd. (TSE:EFX) shot up 5.1% during trading on Tuesday . The stock traded as high as C$9.58 and last traded at C$9.52. 191,130 shares changed 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 brokerages have recently weighed in on EFX. TD Securities dropped their price objective on shares of Enerflex from C$17.00 to C$15.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets dropped their price target on shares of Enerflex from C$15.00 to C$14.00 in a research note on Thursday. National Bankshares lifted 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 research report on Thursday, December 19th. Finally, Raymond James upped their price objective on Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Enerflex currently has a consensus rating of “Hold” and a consensus target price of C$13.84.

Enerflex Price 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 firm has a market cap of C$1.16 billion, a price-to-earnings ratio of -10.11 and a beta of 1.71. The company’s 50-day moving average price is C$11.04 and its 200-day moving average price is C$11.73.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 24th were paid a dividend of $0.0375 per share. The ex-dividend date was Monday, March 10th. This represents a $0.15 annualized dividend and a yield of 1.61%. Enerflex’s payout ratio is -10.86%.

Insider Activity

In other news, Senior Officer Joseph Paul John Ladouceur bought 3,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of C$11.41 per share, for a total transaction of C$34,233.00. In the last quarter, insiders purchased 6,200 shares of company stock worth $69,129. 0.49% of the stock is currently owned by company insiders.

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.