Enerflex (TSE:EFX) Trading Up 5.1% - What's Next?

Enerflex Ltd. (TSE:EFX - Get Free Report) traded up 5.1% 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

EFX has been the topic of a number of analyst reports. TD Securities lowered their price objective on Enerflex from C$17.00 to C$15.00 and set a "buy" rating on the stock in a report on Wednesday. Raymond James boosted their price objective on shares of Enerflex from C$17.00 to C$17.75 in a research note on Friday, February 28th. Finally, BMO Capital Markets lowered their target price on shares of Enerflex from C$15.00 to C$14.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Enerflex currently has a consensus rating of "Hold" and a consensus target price of C$13.84.

Enerflex Trading Up 0.5 %

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 firm has a market cap of C$1.16 billion, a P/E ratio of -10.12 and a beta of 1.71. The company's 50 day moving average is C$10.87 and its two-hundred day moving average is C$11.77.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex's payout ratio is presently -10.86%.

Insider Activity at Enerflex

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

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.