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

Enerflex Ltd. (TSE:EFX)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.35 and traded as high as C$37.58. Enerflex shares last traded at C$36.44, with a volume of 204,266 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EFX. BMO Capital Markets upped their price objective on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. National Bank Financial upgraded shares of Enerflex from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$31.50 to C$42.50 in a report on Thursday, May 7th. ATB Cormark Capital Markets upped their price objective on shares of Enerflex from C$42.00 to C$46.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Raymond James Financial upped their price objective on shares of Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, TD Securities upped their price objective on shares of Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$35.16.

Enerflex Price Performance

The company has a debt-to-equity ratio of 54.47, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s fifty day simple moving average is C$32.77 and its 200-day simple moving average is C$26.35. The company has a market capitalization of C$4.44 billion, a P/E ratio of 53.59 and a beta of 2.28.

Enerflex (TSE:EFX) last released its quarterly earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a net margin of 3.31% and a return on equity of 7.72%. The company had revenue of C$821.97 million during the quarter. On average, equities analysts forecast that Enerflex Ltd. will post 0.734413 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

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

Insider Transactions at Enerflex

In other news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was bought at an average cost of C$39.00 per share, for a total transaction of C$49,335.00. Following the completion of the acquisition, the insider directly owned 5,757 shares of the company’s stock, valued at approximately C$224,523. The trade was a 28.16% increase in their ownership of the stock. Insiders have bought 1,737 shares of company stock worth $67,558 in the last three months. 0.49% of the stock is owned by corporate insiders.

About Enerflex

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.