Enerflex Ltd. (TSE:EFX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.82 and traded as high as C$13.40. Enerflex shares last traded at C$13.40, with a volume of 273,149 shares traded.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. TD Securities boosted their price objective on Enerflex from C$15.00 to C$17.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Raymond James Financial boosted their price objective on Enerflex from C$17.75 to C$18.25 and gave the stock an "outperform" rating in a research note on Friday, August 8th. BMO Capital Markets boosted their price objective on Enerflex from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, ATB Capital boosted their price objective on Enerflex from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$16.88.
Get Our Latest Stock Analysis on EFX
Enerflex Stock Performance
The stock has a market cap of C$1.70 billion, a P/E ratio of -14.82 and a beta of 1.71. The business has a 50 day moving average price of C$11.43 and a 200 day moving average price of C$10.82. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27.
Enerflex Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.1%. Enerflex's dividend payout ratio is currently -10.86%.
Insider Activity at Enerflex
In other news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of C$10.80, for a total transaction of C$109,437.43. Corporate insiders own 0.49% of the company's stock.
About Enerflex
(
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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.
Further Reading
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