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

Enerflex Ltd. (TSE:EFX)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.96 and traded as high as C$31.27. Enerflex shares last traded at C$29.74, with a volume of 1,130,162 shares changing hands.

Analysts Set New Price Targets

EFX has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. Royal Bank Of Canada increased 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. Raymond James Financial raised their price objective on Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets lifted their price objective on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, National Bank Financial set a C$42.50 target price on Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$35.28.

Enerflex Stock Performance

The company’s fifty day simple moving average is C$34.05 and its two-hundred day simple moving average is C$31.03. The company has a market capitalization of C$3.81 billion, a price-to-earnings ratio of 45.91 and a beta of 2.34. The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20.

Enerflex (TSE:EFX) last issued its earnings results on Thursday, May 7th. The company reported C$0.49 earnings per share (EPS) 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. Equities research analysts predict that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal 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 issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s payout ratio is currently 16.98%.

Insider Transactions at Enerflex

In other news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of the business’s stock in a transaction on Friday, May 8th. The shares were purchased at an average price of C$39.00 per share, for a total transaction of C$49,335.00. Following the completion of the purchase, the insider directly owned 5,757 shares of the company’s stock, valued at C$224,523. This represents a 28.16% increase in their position. Insiders purchased a total of 1,737 shares of company stock worth $67,558 in the last 90 days. 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.