Enerflex (TSE:EFX) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Enerflex Ltd. (TSE:EFX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.91 and traded as high as C$35.16. Enerflex shares last traded at C$34.88, with a volume of 635,220 shares trading hands.

Wall Street Analyst Weigh In

EFX has been the topic of a number of research reports. BMO Capital Markets raised their price target on Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. National Bank Financial set a C$42.50 price objective on Enerflex and gave the company an “outperform” rating in a research note on Thursday, June 18th. ATB Cormark Capital Markets increased their price objective on Enerflex from C$42.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price objective on Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, TD Securities lifted their target price 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Enerflex presently has an average rating of “Moderate Buy” and a consensus price target of C$35.16.

Enerflex Stock Performance

The company has a market cap of C$4.25 billion, a PE ratio of 51.29 and a beta of 2.41. The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50-day simple moving average is C$35.37 and its 200 day simple moving average is C$28.91.

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

Enerflex Dividend Announcement

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

Insider Buying and Selling

In other Enerflex news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of the stock in a transaction on Friday, May 8th. The shares were bought at an average price of C$39.00 per share, with a total value of C$49,335.00. Following the acquisition, the insider 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. Insiders have bought a total of 1,737 shares of company stock valued at $67,558 in the last three months. 0.49% of the stock is owned by company 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.