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

Shares of Enerflex Ltd. (TSE:EFX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.35 and traded as high as C$37.58. Enerflex shares last traded at C$36.44, with a volume of 204,266 shares changing hands.

Wall Street Analysts Forecast Growth

EFX has been the topic of a number of research analyst reports. ATB Cormark Capital Markets raised their target price on Enerflex from C$42.00 to C$46.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Raymond James Financial raised their price target 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. BMO Capital Markets raised their price target on shares of Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. TD Securities raised their price target on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, National Bank Financial upgraded shares of Enerflex from a “hold” rating to an “outperform” rating and raised their price target for the company from C$31.50 to C$42.50 in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.16.

Enerflex Stock Performance

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 company has a market cap of C$4.55 billion, a price-to-earnings ratio of 54.93 and a beta of 2.28. The company has a fifty day moving average of C$32.94 and a two-hundred day moving average of C$26.49.

Enerflex (TSE:EFX) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.49 earnings per share for the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.31%.The company had revenue of C$811.93 million for the quarter. Equities research analysts anticipate that Enerflex Ltd. will post 0.734413 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be given a dividend of $0.0425 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.17 annualized dividend and a yield of 0.5%. Enerflex’s dividend payout ratio (DPR) is currently 16.98%.

Insider Buying and Selling

In related news, insider Gurpreet (Preet) Singh Dhindsa bought 1,265 shares of the business’s stock in a transaction on Friday, May 8th. The shares were purchased 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 of the company’s stock, valued at C$224,523. This represents a 28.16% increase in their ownership of the stock. In the last 90 days, insiders have purchased 1,737 shares of company stock worth $67,558. 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.