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

Enerflex Ltd. (TSE:EFX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.45 and traded as high as C$28.71. Enerflex shares last traded at C$28.41, with a volume of 712,156 shares.

Wall Street Analyst Weigh In

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

Enerflex Price Performance

The stock has a fifty day simple moving average of C$25.93 and a two-hundred day simple moving average of C$20.62. The company has a market cap of C$3.57 billion, a PE ratio of 56.40 and a beta of 2.36. The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 64.41.

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

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th will be given a $0.0425 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.17 annualized dividend and a yield of 0.6%. Enerflex’s dividend payout ratio is presently 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.