Enerflex (TSE:EFX) Sets New 12-Month Low at $10.51

Enerflex Ltd (TSE:EFX)’s stock 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 changing hands. The stock had previously closed at C$10.85.

EFX has been the topic of several research analyst reports. CIBC reduced their price target on shares of Enerflex from C$20.00 to C$18.00 in a research report on Tuesday. BMO Capital Markets reduced their price target on shares of Enerflex from C$23.00 to C$18.00 in a research report on Tuesday, September 10th. National Bank Financial reduced their price target on shares of Enerflex from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 15th. Royal Bank of Canada reduced their price target on shares of Enerflex from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Finally, Raymond James reduced their price target on shares of Enerflex from C$22.50 to C$22.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th.

The stock has a market cap of $966.56 million and a price-to-earnings ratio of 7.25. The firm’s 50 day moving average is C$12.01 and its two-hundred day moving average is C$15.72. The company has a quick ratio of 1.17, a current ratio of 1.63 and a debt-to-equity ratio of 31.68.

Enerflex (TSE:EFX) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.28 by C$0.17. The business had revenue of C$541.87 million for the quarter, compared to analyst estimates of C$538.60 million. On average, analysts anticipate that Enerflex Ltd will post 1.4800001 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were paid a $0.105 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.42 annualized dividend and a dividend yield of 4.09%. Enerflex’s payout ratio is currently 28.69%.

In related news, Senior Officer Gregory Dean Stewart sold 9,993 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 C$176,776.02. Also, Director Michael Weill acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of C$13.65 per share, for a total transaction of C$27,300.00. Following the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at C$54,600. Insiders acquired 22,340 shares of company stock worth $280,664 in the last 90 days.

About Enerflex (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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