Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) rose 3.5% during mid-day trading on Tuesday . The stock traded as high as C$9.47 and last traded at C$9.38. Approximately 86,272 shares were traded during trading, a decline of 84% from the average daily volume of 536,055 shares. The stock had previously closed at C$9.06.
Wall Street Analyst Weigh In
EFX has been the subject of several research analyst reports. BMO Capital Markets reduced their target price on Enerflex from C$15.00 to C$14.00 in a research note on Thursday. TD Securities reduced their price objective on shares of Enerflex from C$17.00 to C$15.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Raymond James boosted their target price on shares of Enerflex from C$17.00 to C$17.75 in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$13.84.
Check Out Our Latest Stock Report on EFX
Enerflex Stock Up 0.5 %
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's 50-day moving average price is C$10.87 and its 200 day moving average price is C$11.77. The firm has a market cap of C$1.16 billion, a P/E ratio of -10.12 and a beta of 1.71.
Enerflex Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 24th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.15 annualized dividend and a dividend yield of 1.61%. Enerflex's dividend payout ratio is presently -10.86%.
Insider Activity at Enerflex
In related news, Senior Officer Joseph Paul John Ladouceur purchased 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired at an average price of C$11.41 per share, for a total transaction of C$34,233.00. Insiders have acquired a total of 6,200 shares of company stock worth $69,129 in the last three months. 0.49% of the stock is owned by company insiders.
About Enerflex
(
Get Free Report)
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.
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