Enerflex (TSE:EFX) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Enerflex Ltd.'s stock price has crossed above its 200-day moving average, indicating potential positive momentum, with a recent high of C$11.44 and last traded at C$11.08.
• Research analysts have adjusted their price targets for Enerflex, with BMO Capital reducing it to C$14.00 and TD Securities setting it at C$15.00, while ATB Capital maintains an "outperform" rating with a target of C$16.50.
• The company has declared a quarterly dividend of $0.0375 per share, reflecting an annualized dividend yield of 1.4%, despite a negative dividend payout ratio of -10.86%.

Enerflex Ltd. (TSE:EFX - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.95 and traded as high as C$11.44. Enerflex shares last traded at C$11.08, with a volume of 211,239 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Enerflex from C$15.00 to C$14.00 in a research report on Thursday, April 17th. ATB Capital dropped their price objective on Enerflex from C$18.00 to C$16.50 and set an "outperform" rating on the stock in a report on Monday, May 5th. Finally, TD Securities decreased their target price on Enerflex from C$17.00 to C$15.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th.

Enerflex Stock Performance

The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The stock has a market capitalization of C$1.38 billion, a price-to-earnings ratio of -12.04 and a beta of 1.71. The firm's fifty day moving average price is C$10.76 and its 200 day moving average price is C$10.95.

Enerflex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, May 21st. Enerflex's dividend payout ratio (DPR) is currently -10.86%.

Insider Buying and Selling at Enerflex

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

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.

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