Enerflex (TSE:EFX) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Enerflex Ltd. (TSE:EFX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$28.25 and traded as high as C$33.57. Enerflex shares last traded at C$33.43, with a volume of 510,703 shares.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. TD Securities lifted their target price on shares of Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, February 27th. ATB Cormark Capital Markets lifted their target price on shares of Enerflex from C$42.00 to C$46.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. BMO Capital Markets lifted their target price on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. Finally, National Bank Financial raised shares of Enerflex from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$31.50 to C$42.50 in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and a consensus target price of C$35.16.

Enerflex Stock Up 0.8%

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 54.47. The firm’s 50 day simple moving average is C$34.72 and its two-hundred day simple moving average is C$28.25. The firm has a market cap of C$4.07 billion, a price-to-earnings ratio of 49.16 and a beta of 2.41.

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

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were paid a $0.0425 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 annualized dividend and a yield of 0.5%. Enerflex’s payout ratio is 16.98%.

Insiders Place Their Bets

In other Enerflex news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of the company’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of C$39.00 per share, for a total transaction of C$49,335.00. Following the purchase, the insider directly owned 5,757 shares of the company’s stock, valued at C$224,523. This trade represents a 28.16% increase in their ownership of the stock. In the last ninety days, insiders have bought 1,737 shares of company stock valued at $67,558. 0.49% of the stock is owned by insiders.

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.