TD Securities Lowers Enerflex (TSE:EFX) to Hold

Share on StockTwits

TD Securities downgraded shares of Enerflex (TSE:EFX) from a buy rating to a hold rating in a report issued on Monday morning, BayStreet.CA reports. TD Securities currently has C$19.00 target price on the stock, down from their prior target price of C$23.00.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada decreased their target price on shares of Enerflex from C$25.00 to C$23.00 and set an outperform rating on the stock in a research note on Monday. National Bank Financial decreased 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 decreased their target price on shares of Enerflex from C$23.50 to C$22.00 in a research note on Wednesday, May 29th. Finally, Raymond James reaffirmed an outperform rating and issued a C$22.50 target price on shares of Enerflex in a research note on Friday, August 9th.

Shares of TSE EFX opened at C$12.86 on Monday. 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 has a 52 week low of C$12.77 and a 52 week high of C$20.38. The firm’s fifty day moving average is C$16.40 and its 200 day moving average is C$17.66. The company has a market cap of $1.17 billion and a price-to-earnings ratio of 9.00.

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

In related news, Senior Officer Gregory Dean Stewart sold 9,993 shares of Enerflex stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$14.24, for a total value of C$142,312.31. Following the transaction, the insider now directly owns 12,413 shares of the company’s stock, valued at C$176,776.02. Also, Director Michael Weill bought 2,000 shares of the firm’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, for a total transaction of C$27,300.00. Following the completion of the purchase, the director now owns 4,000 shares of the company’s stock, valued at C$54,600.

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.

Recommended Story: How to track put option volume

Receive News & Ratings for Enerflex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerflex and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.