Enerflex Ltd. (TSE:EFX) Director Kevin Jerome Reinhart Purchases 10,000 Shares of Stock

Enerflex Ltd. (TSE:EFXGet Rating) Director Kevin Jerome Reinhart acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average price of C$7.78 per share, for a total transaction of C$77,800.00. Following the purchase, the director now owns 51,250 shares of the company’s stock, valued at approximately C$398,725.

Enerflex Trading Down 1.3 %

Enerflex stock opened at C$7.67 on Tuesday. The stock has a market cap of C$948.73 million and a P/E ratio of -31.43. Enerflex Ltd. has a fifty-two week low of C$4.99 and a fifty-two week high of C$9.70. The firm’s fifty day moving average price is C$6.68 and its 200-day moving average price is C$6.70. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.33 and a current ratio of 1.82.

Enerflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Thursday, January 12th will be issued a $0.025 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.10 annualized dividend and a dividend yield of 1.30%. Enerflex’s payout ratio is currently -38.93%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EFX. Royal Bank of Canada upped their price objective on Enerflex from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Friday. Stifel Nicolaus increased their target price on Enerflex from C$8.00 to C$9.00 in a research report on Monday. Finally, BMO Capital Markets increased their target price on Enerflex from C$9.00 to C$10.00 in a research report on Thursday, August 11th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Enerflex currently has a consensus rating of “Moderate Buy” and an average price target of C$11.63.

About Enerflex

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Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, 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; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.

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