Insider Selling: Enerflex Ltd (TSE:EFX) Senior Officer Sells 9,993 Shares of Stock
Enerflex Ltd (TSE:EFX) Senior Officer Gregory Dean Stewart sold 9,993 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$14.24, for a total transaction of C$142,312.31. Following the sale, the insider now directly owns 12,413 shares in the company, valued at C$176,776.02.
EFX traded down C$0.47 during trading on Tuesday, reaching C$13.65. The company’s stock had a trading volume of 217,690 shares, compared to its average volume of 185,489. The company has a current ratio of 1.54, a quick ratio of 1.18 and a debt-to-equity ratio of 30.15. The stock has a fifty day simple moving average of C$16.61. Enerflex Ltd has a 1 year low of C$13.48 and a 1 year high of C$20.38. The company has a market capitalization of $1.26 billion and a P/E ratio of 11.32.
EFX has been the topic of a number of research reports. National Bank Financial decreased their price target on shares of Enerflex from C$20.50 to C$20.00 and set a “sector perform” rating on the stock in a research note on Friday. Raymond James reaffirmed an “outperform” rating and issued a C$22.50 price target on shares of Enerflex in a research note on Friday. CIBC decreased their price target on shares of Enerflex from C$23.50 to C$22.00 in a research note on Wednesday, May 29th. TD Securities lowered shares of Enerflex from a “buy” rating to a “hold” rating and decreased their price target for the company from C$23.00 to C$19.00 in a research note on Monday. Finally, Royal Bank of Canada decreased their price target on shares of Enerflex from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Monday.
Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.
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