Enerflex (TSE:EFX) had its price target cut by Royal Bank of Canada from C$25.00 to C$23.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently commented on EFX. TD Securities dropped their target price on shares of Enerflex from C$25.00 to C$24.00 and set a buy rating for the company in a research report on Monday, May 6th. CIBC dropped their target price on shares of Enerflex from C$23.50 to C$22.00 in a research report on Wednesday, May 29th. Raymond James restated an outperform rating and issued a C$22.50 target price on shares of Enerflex in a research report on Friday, August 9th. Finally, National Bank Financial lowered their price objective on shares of Enerflex from C$20.50 to C$20.00 and set a sector perform rating for the company in a research report on Friday, August 9th.

Shares of TSE:EFX opened at C$12.86 on Monday. The firm has a 50 day moving average of C$16.40 and a 200-day moving average of C$17.66. The stock has a market capitalization of $1.17 billion and a PE ratio of 9.00. The company has a current ratio of 1.63, a quick ratio of 1.17 and a debt-to-equity ratio of 31.68. Enerflex has a 12 month low of C$12.77 and a 12 month high of C$20.38.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Wednesday, August 21st. Enerflex’s dividend payout ratio is 29.39%.

In related news, Senior Officer Gregory Dean Stewart sold 9,993 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$14.24, for a total transaction of C$142,312.31. Following the completion of the transaction, the insider now directly owns 12,413 shares in the company, valued at approximately C$176,776.02. Also, Director Michael Weill acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of C$13.65 per share, with a total value of C$27,300.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at C$54,600.

About Enerflex

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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