Enerflex Ltd (TSE:EFX) Director Jackson Maureen Ellen Cormier purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of C$15.35 per share, for a total transaction of C$76,750.00.
Shares of Enerflex Ltd (EFX) traded up C$0.08 during trading hours on Friday, reaching C$15.72. The company’s stock had a trading volume of 391,700 shares, compared to its average volume of 192,342. Enerflex Ltd has a 52-week low of C$14.99 and a 52-week high of C$20.57.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Wednesday, November 22nd. This is a boost from Enerflex’s previous quarterly dividend of $0.09. Enerflex’s dividend payout ratio is 121.43%.
A number of equities research analysts recently weighed in on EFX shares. TD Securities restated a “buy” rating and issued a C$24.00 price target on shares of Enerflex in a report on Monday, November 13th. BMO Capital Markets lowered their price target on Enerflex from C$23.00 to C$21.00 in a report on Monday, August 14th. National Bank Financial lowered their price target on Enerflex from C$22.00 to C$18.50 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Royal Bank Of Canada lowered their price target on Enerflex from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$23.25.
Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.
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