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

Enerflex Ltd. (TSE:EFX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.48 and traded as high as C$19.50. Enerflex shares last traded at C$19.28, with a volume of 43,054 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EFX shares. CIBC boosted their price objective on shares of Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research report on Friday, November 7th. BMO Capital Markets boosted their price target on Enerflex from C$20.00 to C$23.00 in a report on Monday, November 10th. ATB Capital increased their price objective on Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Raymond James Financial boosted their target price on Enerflex from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Desjardins upped their target price on Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Enerflex currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.84.

Enerflex Stock Up 0.8%

The company has a market capitalization of C$2.41 billion, a P/E ratio of 17.66 and a beta of 2.28. The company has a 50-day moving average of C$17.07 and a two-hundred day moving average of C$13.55. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27.

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

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, December 1st will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Monday, November 17th. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 0.9%. Enerflex’s payout ratio is presently 9.77%.

Insiders Place Their Bets

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was acquired at an average price of C$13.70 per share, with a total value of C$250,025.00. Following the completion of the purchase, the insider owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This trade represents a 100.00% increase in their ownership of the stock. Company insiders own 0.49% of the company’s stock.

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.