Insider Selling: Enerflex Ltd (EFX) Director Sells 5,000 Shares of Stock
Enerflex Ltd (TSE:EFX) Director Anna Paravi sold 5,000 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of C$16.00, for a total transaction of C$80,000.00.
TSE EFX traded down C$0.05 during trading hours on Friday, hitting C$15.65. 62,300 shares of the company’s stock traded hands, compared to its average volume of 214,546. Enerflex Ltd has a 52 week low of C$13.55 and a 52 week high of C$19.08.
Enerflex (TSE:EFX) last released its earnings results on Thursday, August 9th. The company reported C$0.23 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.02). The company had revenue of C$404.85 million during the quarter, compared to analysts’ expectations of C$391.85 million. Enerflex had a return on equity of 9.64% and a net margin of 5.93%.
A number of brokerages recently commented on EFX. TD Securities cut shares of Enerflex from an “action list buy” rating to a “buy” rating and upped their price target for the company from C$21.00 to C$22.00 in a research note on Wednesday, September 5th. Raymond James increased their price target on shares of Enerflex from C$21.25 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Enerflex in a report on Tuesday, July 10th. Six analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$21.50.
Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power equipment in Canada, the United States, and internationally. The company offers engineered systems, including engineering, design, fabrication, and assembly of standard and custom-designed compression, electric power, and processing solutions.
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