Gurpreet (Preet) Singh Dhindsa Buys 1,265 Shares of Enerflex (TSE:EFX) Stock

Enerflex Ltd. (TSE:EFX) insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of C$39.00 per share, with a total value of C$49,335.00. Following the purchase, the insider directly owned 5,757 shares in the company, valued at C$224,523. This represents a 28.16% increase in their position.

Gurpreet (Preet) Singh Dhindsa also recently made the following trade(s):

• On Friday, May 8th, Gurpreet (Preet) Singh Dhindsa purchased 405 shares of Enerflex stock. The stock was acquired at an average price of C$38.50 per share, with a total value of C$15,592.50.
• On Friday, May 8th, Gurpreet (Preet) Singh Dhindsa acquired 20 shares of Enerflex stock. The shares were bought at an average cost of C$39.00 per share, with a total value of C$780.00.
• On Friday, May 8th, Gurpreet (Preet) Singh Dhindsa acquired 41 shares of Enerflex stock. The shares were bought at an average price of C$39.38 per share, for a total transaction of C$1,614.58.
• On Friday, May 8th, Gurpreet (Preet) Singh Dhindsa acquired 6 shares of Enerflex stock. The shares were bought at an average cost of C$39.26 per share, with a total value of C$235.56.

Enerflex Price Performance

TSE EFX traded up C$0.34 during trading on Tuesday, hitting C$36.88. 289,020 shares of the stock traded hands, compared to its average volume of 733,978. The firm has a 50-day simple moving average of C$31.23 and a 200-day simple moving average of C$24.92. Enerflex Ltd. has a 12-month low of C$9.32 and a 12-month high of C$39.95. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47. The company has a market capitalization of C$4.50 billion, a P/E ratio of 54.24 and a beta of 2.28.

Enerflex (TSE:EFX) last released its quarterly earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a net margin of 3.31% and a return on equity of 7.72%. The company had revenue of C$821.97 million for the quarter. As a group, analysts predict that Enerflex Ltd. will post 0.734413 EPS for the current year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be given a $0.0425 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.5%. Enerflex’s dividend payout ratio (DPR) is currently 16.98%.

Analysts Set New Price Targets

Several brokerages have issued reports on EFX. National Bank Financial raised shares of Enerflex from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$31.50 to C$42.50 in a research note on Thursday, May 7th. ATB Cormark Capital Markets lifted their price objective on Enerflex from C$42.00 to C$46.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets increased their target price on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday. Royal Bank Of Canada upped their price target on shares of Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Raymond James Financial upped their target price on Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$35.16.

Enerflex Company Profile

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.