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

Key Points

• Enerflex Ltd. shares have crossed above their 200-day moving average, indicating a potential bullish trend with the latest trading price at C$15.01.
• Analysts have raised their target prices for Enerflex, with most rating the stock as a "buy" or "outperform," resulting in a consensus target price of C$16.61.
• The company recently declared a quarterly dividend of $0.0375 per share, translating to an annualized yield of 1.0%.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.30 and traded as high as C$15.13. Enerflex shares last traded at C$15.01, with a volume of 310,024 shares.

Analyst Ratings Changes

A number of equities analysts have commented on EFX shares. TD Securities increased their target price on Enerflex from C$15.00 to C$17.00 and gave the company a "buy" rating in a report on Friday, August 8th. ATB Capital increased their price objective on Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Royal Bank Of Canada raised their price objective on Enerflex from C$13.00 to C$15.00 and gave the company an "outperform" rating in a report on Thursday, September 25th. BMO Capital Markets upped their target price on shares of Enerflex from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Raymond James Financial increased their target price on shares of Enerflex from C$17.75 to C$18.25 and gave the company an "outperform" rating in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Enerflex has a consensus rating of "Moderate Buy" and a consensus target price of C$16.61.

Enerflex Price Performance

The stock has a market cap of C$1.83 billion, a PE ratio of 14.43 and a beta of 2.39. The stock's fifty day moving average is C$13.39 and its 200-day moving average is C$11.30. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.0375 per share. The ex-dividend date was Monday, August 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.0%. Enerflex's dividend payout ratio (DPR) is currently 9.50%.

Enerflex Company Profile

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.

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