Enerflex (TSE:EFX) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Technical breakout: Enerflex shares crossed above their 200‑day moving average (C$21.22), trading as high as C$30.42 and last at C$29.51 on volume of 507,362, indicating a bullish move above both the 200‑day and 50‑day (C$26.85) averages.
• Analyst backdrop: MarketBeat shows a consensus of Moderate Buy (five Buys, three Holds) with a consensus target of C$24.97, but recent analyst targets diverge widely — TD Securities raised its target to C$39 and BMO to C$35 while Raymond James cut to C$26.
• Fundamental snapshot: Enerflex has a C$3.59B market cap, a high PE of 56.75, reported C$0.28 EPS last quarter (net margin 1.56%) with ~C$0.73 expected for the year, and pays a small quarterly dividend yielding about 0.6%.

Enerflex Ltd. (TSE:EFX - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.22 and traded as high as C$30.42. Enerflex shares last traded at C$29.51, with a volume of 507,362 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EFX shares. Raymond James Financial downgraded 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 note on Wednesday, February 4th. TD Securities upped their price target on shares of Enerflex from C$28.00 to C$39.00 and gave the company a "buy" rating in a research report on Friday, February 27th. ATB Cormark Capital Markets set a C$26.00 price objective on shares of Enerflex and gave the stock an "outperform" rating in a research report on Friday, December 19th. Finally, BMO Capital Markets upped their target price on shares of Enerflex from C$27.00 to C$35.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Enerflex currently has a consensus rating of "Moderate Buy" and a consensus target price of C$24.97.

Enerflex Trading Down 1.5%

The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13. The stock has a market capitalization of C$3.59 billion, a PE ratio of 56.75 and a beta of 2.36. The business's 50-day moving average is C$26.85 and its two-hundred day moving average is C$21.22.

Enerflex (TSE:EFX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. The company had revenue of C$821.97 million during the quarter. Enerflex had a net margin of 1.56% and a return on equity of 4.22%. As a group, equities research analysts anticipate that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex's payout ratio is currently 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.

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