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

Enerflex Ltd. (TSE:EFXGet Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$27.64 and traded as high as C$35.04. Enerflex shares last traded at C$34.43, with a volume of 631,282 shares changing hands.

Analyst Upgrades and Downgrades

EFX has been the topic of a number of analyst reports. ATB Cormark Capital Markets lifted their price objective 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 lifted their price objective on Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday, May 8th. National Bank Financial raised Enerflex from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$31.50 to C$42.50 in a report on Thursday, May 7th. Royal Bank Of Canada lifted their price objective on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, TD Securities lifted their price objective on Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, February 27th. 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.com, Enerflex currently has an average rating of “Moderate Buy” and an average target price of C$35.16.

Get Our Latest Stock Report on EFX

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 stock has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 50.63 and a beta of 2.41. The company has a 50-day moving average of C$34.08 and a 200-day moving average of C$27.64.

Enerflex (TSE:EFXGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.49 earnings per share (EPS) for the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.63%.The firm had revenue of C$811.93 million during the quarter. As a group, equities research analysts expect that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Announces Dividend

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

Insider Activity

In related news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of C$39.00 per share, for a total transaction of C$49,335.00. Following 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. In the last three months, insiders purchased 1,737 shares of company stock worth $67,558. 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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