Enerflex (TSE:EFX) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Enerflex Ltd. (TSE:EFX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.91 and traded as high as C$35.16. Enerflex shares last traded at C$34.88, with a volume of 635,220 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on EFX. Royal Bank Of Canada upped their price objective on Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Raymond James Financial raised their target price on Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets boosted their price target on shares of Enerflex from C$42.00 to C$46.00 and gave the company an “outperform” rating in a report on Friday, May 8th. TD Securities upped their price target on shares of Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, BMO Capital Markets increased their price objective on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus target price of C$35.16.

Enerflex Stock Up 1.4%

The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of C$4.31 billion, a price-to-earnings ratio of 52.00 and a beta of 2.41. The business’s 50 day moving average is C$35.44 and its 200 day moving average is C$28.95.

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

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd were given a dividend of $0.0425 per share. The ex-dividend date of this dividend 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 (DPR) is presently 16.98%.

Insider Activity at Enerflex

In other news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of C$39.00 per share, for a total transaction of C$49,335.00. Following the completion of the acquisition, the insider owned 5,757 shares of the company’s stock, valued at approximately C$224,523. This represents a 28.16% increase in their position. Over the last three months, insiders purchased 1,737 shares of company stock valued at $67,558. Insiders own 0.49% of the company’s stock.

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.