Enerflex (TSE:EFX) Shares Cross Above 200 Day Moving Average – Should You Sell?

Enerflex Ltd. (TSE:EFXGet Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on EFX shares. Raymond James Financial upped their price objective on shares of Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. National Bank Financial raised shares of Enerflex from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$31.50 to C$42.50 in a research report on Thursday, May 7th. ATB Cormark Capital Markets upped their price objective on shares of Enerflex from C$42.00 to C$46.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets upped their price objective on shares of Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$35.16.

Get Our Latest Stock Analysis on Enerflex

Enerflex Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47. The stock has a market cap of C$4.44 billion, a price-to-earnings ratio of 53.59 and a beta of 2.28. The company’s 50-day moving average is C$32.77 and its 200-day moving average is C$26.35.

Enerflex (TSE:EFXGet Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a net margin of 3.31% and a return on equity of 7.72%. The firm had revenue of C$821.97 million during the quarter. Equities research analysts expect that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Announces Dividend

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

Insider Transactions at Enerflex

In other Enerflex news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of C$39.00 per share, with a total value of C$49,335.00. Following the completion of the transaction, the insider directly owned 5,757 shares of the company’s stock, valued at approximately C$224,523. This trade represents a 28.16% increase in their position. Insiders have bought a total of 1,737 shares of company stock valued at $67,558 over the last three months. Corporate insiders own 0.49% of the company’s stock.

Enerflex Company Profile

(Get Free Report)

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.

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