Enerflex (TSE:EFX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Enerflex Ltd. (TSE:EFX)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.27 and traded as high as C$33.38. Enerflex shares last traded at C$32.88, with a volume of 596,066 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on EFX. BMO Capital Markets boosted their price objective on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. Raymond James Financial increased their target price on shares of Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. National Bank Financial set a C$42.50 price target on Enerflex and gave the company an “outperform” rating in a research note on Thursday, June 18th. Royal Bank Of Canada upped their price target on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, ATB Cormark Capital Markets raised their price objective on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.28.

Enerflex Price Performance

The stock has a market cap of C$4.01 billion, a P/E ratio of 48.35 and a beta of 2.34. 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 company’s fifty day simple moving average is C$35.08 and its 200-day simple moving average is C$30.27.

Enerflex (TSE:EFX) last posted its earnings results 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 for the quarter. As a group, sell-side analysts forecast that Enerflex Ltd. will post 0.734413 EPS for the current year.

Enerflex Dividend Announcement

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

Insider Activity

In related news, insider Gurpreet (Preet) Singh Dhindsa bought 1,265 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of C$39.00 per share, with a total value of C$49,335.00. Following the acquisition, the insider owned 5,757 shares in the company, valued at approximately C$224,523. This represents a 28.16% increase in their position. Over the last ninety days, insiders purchased 1,737 shares of company stock valued at $67,558. Corporate 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.