Enerflex (TSE:EFX) Shares Pass Above 200-Day Moving Average – Time to Sell?

Enerflex Ltd. (TSE:EFX)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.60 and traded as high as C$21.77. Enerflex shares last traded at C$20.68, with a volume of 679,827 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on EFX. National Bankshares upped their price objective on shares of Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from C$24.50 to C$25.00 in a research report on Wednesday, December 10th. ATB Capital upped their price target on Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Royal Bank Of Canada lifted their price objective on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Desjardins boosted their target price on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$20.97.

Enerflex Stock Down 4.2%

The company has a market cap of C$2.52 billion, a P/E ratio of 18.80 and a beta of 2.16. The company’s 50-day moving average is C$18.51 and its two-hundred day moving average is C$14.60. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20.

Enerflex (TSE:EFX) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. The business had revenue of C$1.08 billion for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%. As a group, equities analysts predict that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, November 17th. Enerflex’s payout ratio is 9.77%.

Insider Buying and Selling

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was acquired at an average price of C$13.70 per share, with a total value of C$250,025.00. Following the transaction, the insider owned 36,500 shares in the company, valued at C$500,050. This represents a 100.00% increase in their ownership of the stock. Insiders own 0.49% of the company’s stock.

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.