Enerflex Ltd. (TSE:EFX) Director Joanne Linette Cox Buys 2,500 Shares of Stock

Enerflex Ltd. (TSE:EFX) Director Joanne Linette Cox bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of C$13.65 per share, for a total transaction of C$34,115.00.

Enerflex Price Performance

Shares of EFX stock opened at C$13.50 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. Enerflex Ltd. has a 12-month low of C$5.75 and a 12-month high of C$13.86. The firm has a fifty day moving average of C$10.59 and a 200-day moving average of C$8.52. The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -11.74 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be issued a $0.0375 dividend. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio is -8.70%.

Analyst Ratings Changes

A number of equities research analysts have commented on EFX shares. TD Securities increased their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, November 15th. ATB Capital upped their price objective on Enerflex from C$15.00 to C$17.00 in a report on Tuesday. Raymond James boosted their price objective on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. BMO Capital Markets boosted their price objective on Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Finally, Acumen Capital boosted their price objective on Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$12.59.

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.