Enerflex (TSE:EFX) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Enerflex Ltd. (TSE:EFX)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$27.64 and traded as high as C$35.04. Enerflex shares last traded at C$34.43, with a volume of 631,282 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EFX shares. BMO Capital Markets raised their price target on Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. Royal Bank Of Canada raised their price target on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. TD Securities raised their price target on Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Raymond James Financial raised their price target on Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, ATB Cormark Capital Markets raised their price target on Enerflex from C$42.00 to C$46.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$35.16.

Enerflex Stock Performance

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 stock has a fifty day moving average of C$34.08 and a 200-day moving average of C$27.64. The stock has a market cap of C$4.19 billion, a PE ratio of 50.63 and a beta of 2.41.

Enerflex (TSE:EFX) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.49 earnings per share (EPS) for the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.63%.The firm had revenue of C$811.93 million for the quarter. On average, equities analysts forecast that Enerflex Ltd. will post 0.734413 EPS for the current year.

Enerflex Announces Dividend

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

Insider Activity

In related news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of C$39.00 per share, with a total value of C$49,335.00. Following the completion of the acquisition, the insider directly owned 5,757 shares in the company, valued at C$224,523. This represents a 28.16% increase in their position. Insiders bought a total of 1,737 shares of company stock worth $67,558 over the last 90 days. Company insiders own 0.49% of the company’s stock.

About Enerflex

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.