Enerflex (TSE:EFX) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Enerflex Ltd. (TSE:EFX) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.22 and traded as high as C$30.42. Enerflex shares last traded at C$29.51, with a volume of 507,362 shares.

Analyst Upgrades and Downgrades

EFX has been the topic of several recent research reports. TD Securities boosted their price target on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, February 27th. ATB Cormark Capital Markets set a C$26.00 target price on Enerflex and gave the company an “outperform” rating in a research report on Friday, December 19th. Raymond James Financial lowered Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research note on Wednesday, February 4th. Finally, BMO Capital Markets raised their price objective on Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$24.97.

Enerflex Price Performance

The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13. The stock’s 50-day moving average is C$27.00 and its two-hundred day moving average is C$21.33. The stock has a market cap of C$3.64 billion, a PE ratio of 57.46 and a beta of 2.36.

Enerflex (TSE:EFX) last announced its earnings results on Wednesday, February 25th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a return on equity of 4.22% and a net margin of 1.56%.The company had revenue of C$821.97 million for the quarter. On average, equities analysts predict that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were given a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex’s payout ratio is currently 21.37%.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.