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

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 trading hands.

Wall Street Analyst Weigh In

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

Enerflex Price 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’s 50 day moving average price is C$35.08 and its 200-day moving average price is C$30.27. The company has a market cap of C$4.01 billion, a price-to-earnings ratio of 48.35 and a beta of 2.34.

Enerflex (TSE:EFX) last released its earnings results on Thursday, May 7th. The company reported C$0.49 EPS for the quarter. The business had revenue of C$811.93 million during the quarter. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. On average, equities research analysts forecast that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal 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 given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, May 20th. Enerflex’s dividend payout ratio is 16.98%.

Insider Buying and Selling at Enerflex

In related news, insider Gurpreet (Preet) Singh Dhindsa bought 1,265 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of C$39.00 per share, for a total transaction of C$49,335.00. Following the acquisition, the insider directly owned 5,757 shares of the company’s stock, valued at C$224,523. The trade was a 28.16% increase in their position. Over the last three months, insiders acquired 1,737 shares of company stock worth $67,558. Company insiders own 0.49% of the company’s stock.

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.