Enerflex (TSE:EFX) Director Benjamin David Cherniavsky Purchases 1,000 Shares

Enerflex Ltd. (TSE:EFX) Director Benjamin David Cherniavsky bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average cost of C$20.50 per share, with a total value of C$20,500.00. Following the completion of the transaction, the director owned 10,850 shares in the company, valued at approximately C$222,425. The trade was a 10.15% increase in their ownership of the stock.

Enerflex Stock Performance

Shares of TSE:EFX traded down C$0.53 during midday trading on Friday, reaching C$22.57. The company had a trading volume of 636,404 shares, compared to its average volume of 530,326. The stock has a market cap of C$2.75 billion, a P/E ratio of 20.52 and a beta of 2.28. The company’s 50 day moving average price is C$20.80 and its 200 day moving average price is C$16.57. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. Enerflex Ltd. has a 52-week low of C$8.74 and a 52-week high of C$23.65.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.30 EPS for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. The business had revenue of C$1.08 billion for the quarter. As a group, sell-side analysts anticipate that Enerflex Ltd. will post 0.734413 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, December 1st were paid a $0.0425 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.17 annualized dividend and a yield of 0.8%. This is an increase from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio is 9.77%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EFX shares. Royal Bank Of Canada upped their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Desjardins raised their price objective on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research report on Monday, October 20th. CIBC increased their price objective on Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research report on Friday, November 7th. National Bankshares raised their target price on shares of Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Finally, BMO Capital Markets lifted their target price on shares of Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and a consensus price target of C$21.34.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.