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

Enerflex Ltd. (TSE:EFX)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.50 and traded as high as C$13.83. Enerflex shares last traded at C$13.72, with a volume of 178,201 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets upped their price objective on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Raymond James increased their price target on Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. National Bankshares lifted their price target on Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. ATB Capital upped their price objective on Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. Finally, TD Securities lifted their target price on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of C$13.47.

Enerflex Price Performance

The business has a 50-day moving average price of C$14.02 and a 200 day moving average price of C$10.50. The stock has a market cap of C$1.70 billion, a PE ratio of -11.93 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, November 26th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is currently -8.70%.

Insider Activity

In related news, Director Joanne Linette Cox bought 2,500 shares of Enerflex stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of C$13.65 per share, with a total value of C$34,115.00. Insiders own 0.49% of the company’s stock.

About Enerflex

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.