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

Shares of Enerflex Ltd. (TSE:EFX) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$32.31 and traded as high as C$33.50. Enerflex shares last traded at C$33.36, with a volume of 611,358 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EFX. Raymond James Financial increased their price objective on shares of Enerflex from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Finally, ATB Cormark Capital Markets upped their price target on shares of Enerflex from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.66.

Enerflex Price Performance

The company has a market capitalization of C$4.07 billion, a price-to-earnings ratio of 75.82 and a beta of 2.04. The stock has a fifty day simple moving average of C$30.49 and a 200-day simple moving average of C$32.31. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20.

Enerflex (TSE:EFX) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$826.90 million for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. On average, equities research analysts anticipate that Enerflex Ltd. will post 0.734413 EPS for the current year.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a $0.0450 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.18 annualized dividend and a dividend yield of 0.5%. This is an increase from Enerflex’s previous quarterly dividend of $0.0425. Enerflex’s dividend payout ratio (DPR) is presently 27.03%.

Enerflex Company Profile

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.