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

Enerflex Ltd. (TSE:EFX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.69 and traded as high as C$14.61. Enerflex shares last traded at C$14.26, with a volume of 490,454 shares.

Analysts Set New Price Targets

EFX has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Acumen Capital boosted their price objective on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Raymond James increased their target price on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. National Bankshares lifted their price target on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Finally, TD Securities increased their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$13.47.

Enerflex Stock Performance

The stock’s 50-day moving average price is C$12.93 and its 200 day moving average price is C$9.69. The firm has a market cap of C$1.77 billion, a P/E ratio of -12.40 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. Enerflex’s dividend payout ratio is currently -8.70%.

Insider Activity

In other news, Director Joanne Linette Cox acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of C$13.65 per share, with a total value of C$34,115.00. 0.49% of the stock is owned by corporate insiders.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.