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

Enerflex Ltd. (TSE:EFX) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$28.25 and traded as high as C$33.57. Enerflex shares last traded at C$33.43, with a volume of 510,703 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on EFX shares. ATB Cormark Capital Markets boosted their price target on shares of Enerflex from C$42.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. BMO Capital Markets raised their price objective on Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. Royal Bank Of Canada lifted their target price on Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. National Bank Financial set a C$42.50 price target on Enerflex and gave the company an “outperform” rating in a research note on Thursday. Finally, Raymond James Financial raised their price target on Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$35.16.

Enerflex Stock Up 3.1%

The firm has a market capitalization of C$4.28 billion, a PE ratio of 51.69 and a beta of 2.41. The business’s 50 day simple moving average is C$34.83 and its 200 day simple moving average is C$28.35. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 54.47.

Enerflex (TSE:EFX) last announced its earnings results on Thursday, May 7th. The company reported C$0.49 earnings per share (EPS) for the quarter. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. The firm had revenue of C$811.93 million for the quarter. On average, equities research analysts forecast that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Dividend Announcement

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

Insider Activity

In related news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of the stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of C$39.00 per share, with a total value of C$49,335.00. Following the purchase, 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 ownership of the stock. Over the last three months, insiders purchased 1,737 shares of company stock valued at $67,558. 0.49% of the stock is owned by company insiders.

Enerflex Company Profile

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.