Enerflex (TSE:EFX - Free Report) had its price target cut by ATB Capital from C$18.00 to C$16.50 in a report issued on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.
EFX has been the topic of several other research reports. Raymond James boosted their target price on shares of Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. TD Securities cut their target price on Enerflex from C$17.00 to C$15.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, BMO Capital Markets lowered their target price on Enerflex from C$15.00 to C$14.00 in a report on Thursday, April 17th.
Check Out Our Latest Analysis on Enerflex
Enerflex Trading Down 2.5 %
Shares of TSE:EFX traded down C$0.24 during mid-day trading on Monday, reaching C$9.26. 216,343 shares of the company's stock were exchanged, compared to its average volume of 579,834. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of -10.06 and a beta of 1.71. Enerflex has a twelve month low of C$6.30 and a twelve month high of C$15.22. The business's fifty day moving average price is C$9.98 and its 200-day moving average price is C$11.78. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19.
Enerflex Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 24th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex's payout ratio is currently -10.86%.
Insider Activity
In related news, Senior Officer Joseph Paul John Ladouceur acquired 3,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average cost of C$11.41 per share, for a total transaction of C$34,233.00. Over the last ninety days, insiders acquired 6,200 shares of company stock worth $69,129. Insiders own 0.49% of the company's stock.
Enerflex Company Profile
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Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.
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