Enerflex (TSE:EFX) Stock Price Up 4.4% – Still a Buy?

Enerflex Ltd. (TSE:EFX)’s stock price was up 4.4% during mid-day trading on Tuesday . The stock traded as high as C$9.58 and last traded at C$9.46. Approximately 232,422 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 538,554 shares. The stock had previously closed at C$9.06.

Analysts Set New Price Targets

EFX has been the topic of a number of research analyst reports. Raymond James lifted their target price on Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. National Bankshares raised their target price on Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$13.97.

Enerflex Price Performance

The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of -10.27 and a beta of 1.71. 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 stock’s 50 day simple moving average is C$11.20 and its two-hundred day simple moving average is C$11.74.

Enerflex Announces Dividend

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

Insider Transactions at Enerflex

In other news, Senior Officer Joseph Paul John Ladouceur acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was bought at an average price of C$11.41 per share, with a total value of C$34,233.00. In the last ninety days, insiders purchased 6,200 shares of company stock valued at $69,129. Corporate insiders own 0.49% of the company’s stock.

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.