Enerflex (TSE:EFX) Trading 5.1% Higher - Here's Why

Enerflex Ltd. (TSE:EFX - Get Free Report) shares traded up 5.1% on Tuesday . The company traded as high as C$9.55 and last traded at C$9.52. 150,860 shares were traded during mid-day trading, a decline of 72% from the average session volume of 537,274 shares. The stock had previously closed at C$9.06.

Analysts Set New Price Targets

EFX has been the topic of several recent research reports. BMO Capital Markets reduced their target price on shares of Enerflex from C$15.00 to C$14.00 in a report on Thursday. TD Securities decreased 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. Finally, Raymond James lifted their price target on Enerflex from C$17.00 to C$17.75 in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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 quick ratio of 1.20 and a current ratio of 1.19. The stock has a market capitalization of C$1.16 billion, a P/E ratio of -10.12 and a beta of 1.71. The stock has a 50-day moving average price of C$10.87 and a two-hundred day moving average price of C$11.77.

Enerflex Announces Dividend

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

Insider Transactions 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 bought at an average cost 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. Company insiders own 0.49% of the company's stock.

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.