Enerflex (TSE:EFX) Insider Paul Mahoney Acquires 18,250 Shares

Enerflex Ltd. (TSE:EFX) insider Paul Mahoney acquired 18,250 shares of the stock in a transaction dated Monday, November 10th. The stock was acquired at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the completion of the acquisition, the insider directly owned 36,500 shares of the company’s stock, valued at C$500,050. The trade was a 100.00% increase in their ownership of the stock.

Enerflex Price Performance

TSE:EFX opened at C$18.94 on Thursday. The stock has a market capitalization of C$2.31 billion, a PE ratio of 17.22 and a beta of 2.28. Enerflex Ltd. has a 1-year low of C$8.74 and a 1-year high of C$19.40. The firm has a fifty day simple moving average of C$16.01 and a 200 day simple moving average of C$12.77. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, December 1st will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.9%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is presently 9.77%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EFX shares. BMO Capital Markets lifted their target price on Enerflex from C$20.00 to C$23.00 in a research note on Monday. ATB Capital upped their price objective on shares of Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a report on Friday, November 7th. TD Securities increased their price objective on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. National Bankshares upped their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Finally, Raymond James Financial raised their price objective on shares of Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$20.19.

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.