Benjamin David Cherniavsky Acquires 1,000 Shares of Enerflex (TSE:EFX) Stock

Enerflex Ltd. (TSE:EFX) Director Benjamin David Cherniavsky acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were bought at an average cost of C$20.50 per share, for a total transaction of C$20,500.00. Following the acquisition, 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 Trading Down 2.3%

Shares of TSE EFX opened at C$22.57 on Monday. Enerflex Ltd. has a 1-year low of C$8.74 and a 1-year high of C$23.65. The company has a market cap of C$2.75 billion, a PE ratio of 20.52 and a beta of 2.28. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The company has a 50-day moving average of C$20.80 and a two-hundred day moving average of C$16.65.

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

Enerflex Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on EFX shares. Raymond James Financial upgraded Enerflex from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from C$24.50 to C$25.00 in a research report on Wednesday, December 10th. Desjardins lifted their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Royal Bank Of Canada boosted their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. ATB Capital set a C$26.00 price objective on shares of Enerflex and gave the company an “outperform” rating in a research note on Friday, December 19th. Finally, BMO Capital Markets increased their price target on Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.