Enerflex (TSE:EFX) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Enerflex Ltd. stock price has recently surpassed its 200-day moving average, reaching a high of C$13.55 during trading.
• Several analysts have raised their price targets for Enerflex, with new estimates ranging from C$16.00 to C$19.00 and a consensus rating of "Moderate Buy".
• The company has announced a quarterly dividend of $0.0375, with an annualized dividend yield of 1.1%, payable on September 2nd.

Enerflex Ltd. (TSE:EFX - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.83 and traded as high as C$13.55. Enerflex shares last traded at C$13.53, with a volume of 469,700 shares trading hands.

Analysts Set New Price Targets

EFX has been the topic of several recent research reports. BMO Capital Markets increased their price objective on shares of Enerflex from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. TD Securities increased their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. ATB Capital lifted their price target 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, Raymond James Financial upped 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$16.88.

Enerflex Stock Down 0.2%

The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company's 50-day moving average price is C$11.54 and its 200 day moving average price is C$10.83. The stock has a market capitalization of C$1.68 billion, a P/E ratio of -14.70 and a beta of 1.71.

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 18th. Enerflex's payout ratio is presently -10.86%.

Insider Buying and Selling at Enerflex

In other news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of C$10.80, for a total value of C$109,437.43. 0.49% of the stock is currently owned by company insiders.

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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