Key Points
- Insider purchase: Director Paul Mahoney bought 18,250 shares at C$13.70 (C$250,025), doubling his stake to 36,500 shares (a 100% increase) now valued at about C$500,050.
- Dividend increase: Enerflex raised its quarterly dividend to $0.0425 per share (annualized $0.17), producing a 0.9% yield; the ex-dividend date is Nov. 17 and payment is Dec. 1.
- Analyst upgrades: Multiple brokers lifted price targets (several to C$23–C$24), leaving a consensus "Moderate Buy" and an average target of C$20.19.
Enerflex Ltd. (TSE:EFX - Get Free Report) insider Paul Mahoney bought 18,250 shares of Enerflex stock in a transaction on Monday, November 10th. The shares were acquired at an average cost 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 in the company, valued at approximately C$500,050. The trade was a 100.00% increase in their ownership of the stock.
Enerflex Price Performance
EFX stock opened at C$18.94 on Thursday. The company has a market capitalization of C$2.31 billion, a P/E ratio of 17.22 and a beta of 2.28. The company has a fifty day moving average price of C$16.01 and a 200-day moving average price of C$12.77. 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 Ltd. has a 52-week low of C$8.74 and a 52-week high of C$19.40.
Enerflex Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, December 1st will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.9%. This is a boost from Enerflex's previous quarterly dividend of $0.04. The ex-dividend date is Monday, November 17th. Enerflex's dividend payout ratio is currently 9.77%.
Wall Street Analyst Weigh In
EFX has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on Enerflex from C$20.00 to C$23.00 in a report on Monday. ATB Capital boosted their target price on shares of Enerflex from C$19.50 to C$23.00 and gave the company an "outperform" rating in a research report on Friday, November 7th. CIBC raised their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a "neutral" 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 stock a "buy" rating in a research report on Friday, November 7th. Finally, Raymond James Financial boosted their price objective on Enerflex from C$20.00 to C$24.00 and gave the company an "outperform" rating in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$20.19.
Check Out Our Latest Stock Analysis on Enerflex
Enerflex Company Profile
(
Get Free Report)
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.
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