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

Key Points

• Enerflex Ltd. has crossed above its two hundred-day moving average of C$11.06, reaching a high of C$14.89 during recent trading.
• Wall Street analysts have been optimistic, with multiple firms increasing their price targets for Enerflex, with an average target of C$16.88 and a consensus rating of "Moderate Buy."
• The company has announced a quarterly dividend of $0.0375 per share, resulting in an annualized dividend of $0.15 and a yield of 1.0%.

Enerflex Ltd. (TSE:EFX - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.06 and traded as high as C$14.89. Enerflex shares last traded at C$14.81, with a volume of 504,383 shares traded.

Analysts Set New Price Targets

EFX has been the topic of a number of research analyst reports. Raymond James Financial lifted their price target on Enerflex from C$17.75 to C$18.25 and gave the company an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets increased their price target on Enerflex from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. ATB Capital increased their price objective on shares of Enerflex from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, TD Securities lifted their price objective on Enerflex from C$15.00 to C$17.00 and gave the company a "buy" rating in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$16.88.

Enerflex Stock Performance

The firm has a market capitalization of C$1.88 billion, a PE ratio of 14.80 and a beta of 2.39. The business has a 50-day simple moving average of C$12.87 and a 200-day simple moving average of C$11.10. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd were given 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 9.50%.

Insider Transactions at Enerflex

In other Enerflex news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of C$10.80, for a total value of C$109,437.43. Company insiders own 0.49% of the company's stock.

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.