Enerflex (TSE:EFX) Hits New 1-Year Low at $10.51

Enerflex Ltd (TSE:EFX)’s share price reached a new 52-week low on Thursday . The company traded as low as C$10.51 and last traded at C$10.51, with a volume of 24807 shares. The stock had previously closed at C$10.85.

EFX has been the topic of a number of research reports. National Bank Financial reduced their target price on shares of Enerflex from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Thursday, August 15th. CIBC reduced their target price on shares of Enerflex from C$20.00 to C$18.00 in a report on Tuesday. Raymond James reduced their target price on shares of Enerflex from C$22.50 to C$22.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. BMO Capital Markets reduced their target price on shares of Enerflex from C$23.00 to C$18.00 in a report on Tuesday, September 10th. Finally, TD Securities upgraded shares of Enerflex from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$19.00 to C$18.00 in a report on Wednesday, September 4th.

The business’s fifty day moving average price is C$11.94 and its two-hundred day moving average price is C$15.63. The company has a debt-to-equity ratio of 31.68, a quick ratio of 1.17 and a current ratio of 1.63. The stock has a market capitalization of $966.56 million and a P/E ratio of 7.49.

Enerflex (TSE:EFX) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.17. The firm had revenue of C$541.87 million for the quarter, compared to analysts’ expectations of C$538.60 million. As a group, analysts forecast that Enerflex Ltd will post 1.4800001 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.92%. Enerflex’s dividend payout ratio is presently 28.69%.

In other news, Director Michael Weill purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of C$13.65 per share, with a total value of C$27,300.00. Following the purchase, the director now owns 4,000 shares in the company, valued at C$54,600. Also, Senior Officer Marc Edward Rossiter purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of C$12.46 per share, with a total value of C$249,240.00. Following the completion of the purchase, the insider now owns 50,000 shares in the company, valued at approximately C$623,100. Over the last ninety days, insiders have purchased 22,340 shares of company stock valued at $280,664.

Enerflex Company Profile (TSE:EFX)

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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