Enerflex (TSE:EFX) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Enerflex Ltd. (TSE:EFX) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.39 and traded as high as C$22.71. Enerflex shares last traded at C$22.40, with a volume of 502,074 shares trading hands.

Analyst Upgrades and Downgrades

EFX has been the subject of a number of analyst reports. CIBC boosted their price target on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report 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 stock an “outperform” rating in a research report on Friday, November 7th. Raymond James Financial upgraded shares of Enerflex from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from C$24.50 to C$25.00 in a report on Wednesday, December 10th. ATB Capital set a C$26.00 price target on shares of Enerflex and gave the stock an “outperform” rating in a research note on Friday, December 19th. Finally, TD Securities boosted their price objective on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$21.34.

Enerflex Trading Up 0.6%

The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The stock has a market capitalization of C$2.73 billion, a price-to-earnings ratio of 20.36 and a beta of 2.28. The business has a 50 day simple moving average of C$20.54 and a 200-day simple moving average of C$16.39.

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

Enerflex Increases Dividend

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

Insider Buying and Selling at Enerflex

In related news, insider Paul Mahoney acquired 18,250 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of C$13.70 per share, with a total value of C$250,025.00. Following the purchase, the insider directly owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This represents a 100.00% increase in their ownership of the stock. 0.49% of the stock is currently owned by company insiders.

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.