Enerflex (TSE:EFX) PT Lowered to C$23.00

Enerflex (TSE:EFX) had its price objective lowered by Royal Bank of Canada from C$25.00 to C$23.00 in a research report report published on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. TD Securities cut their target price on shares of Enerflex from C$25.00 to C$24.00 and set a buy rating on the stock in a research note on Monday, May 6th. National Bank Financial cut their target price on shares of Enerflex from C$20.50 to C$20.00 and set a sector perform rating on the stock in a research note on Friday, August 9th. CIBC lowered their price objective on shares of Enerflex from C$23.50 to C$22.00 in a report on Wednesday, May 29th. Finally, Raymond James restated an outperform rating and set a C$22.50 price objective on shares of Enerflex in a report on Friday, August 9th.

Shares of TSE EFX opened at C$12.86 on Monday. The firm has a market cap of $1.17 billion and a PE ratio of 9.00. Enerflex has a 12-month low of C$12.77 and a 12-month high of C$20.38. The company’s fifty day simple moving average is C$16.40 and its 200 day simple moving average is C$17.66. The company has a quick ratio of 1.17, a current ratio of 1.63 and a debt-to-equity ratio of 31.68.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.42 annualized dividend and a yield of 3.27%. Enerflex’s payout ratio is 29.39%.

In other Enerflex news, Director Michael Weill acquired 2,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of C$13.65 per share, for a total transaction of C$27,300.00. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at approximately C$54,600. Also, Senior Officer Gregory Dean Stewart sold 9,993 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$14.24, for a total transaction of C$142,312.31. Following the transaction, the insider now owns 12,413 shares in the company, valued at approximately C$176,776.02.

Enerflex Company Profile

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.

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