Enerflex (TSE:EFX) Trading Up 4.4% - Time to Buy?

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Raymond James boosted their target price on Enerflex from C$17.00 to C$17.75 in a research report on Friday, February 28th. BMO Capital Markets decreased their target price on shares of Enerflex from C$15.00 to C$14.00 in a research note on Thursday. Finally, TD Securities reduced their price objective on Enerflex from C$17.00 to C$15.00 and set a "buy" rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Enerflex currently has an average rating of "Hold" and a consensus price target of C$13.84.

Enerflex Trading Up 0.5 %

The company has a market capitalization of C$1.16 billion, a P/E ratio of -10.12 and a beta of 1.71. 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 fifty day moving average of C$10.87 and a 200 day moving average of C$11.77.

Enerflex Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.61%. Enerflex's dividend payout ratio (DPR) is presently -10.86%.

Insider Activity

In other Enerflex news, Senior Officer Joseph Paul John Ladouceur bought 3,000 shares of the business'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, for a total transaction of C$34,233.00. Insiders have bought 6,200 shares of company stock worth $69,129 in the last three months. Company 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.