Enerflex (TSE:EFX) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

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 share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 Analysts Forecast Growth

A number of equities analysts recently commented on EFX shares. ATB Capital upped their target price on Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a report on Friday. TD Securities upped their price target on Enerflex from C$15.00 to C$17.00 and gave the stock a "buy" rating in a research note on Friday. BMO Capital Markets upped their price target on Enerflex from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Raymond James Financial upped their price target on Enerflex from C$17.75 to C$18.25 and gave the stock an "outperform" rating in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.88.

Enerflex Stock Performance

The stock has a market capitalization of C$1.57 billion, a PE ratio of -13.67 and a beta of 1.71. The business has a 50 day moving average price of C$10.87 and a 200 day moving average price of C$10.86. 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 business 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 $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 18th. 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 stock in a transaction on Thursday, June 26th. The stock was sold at an average price of C$10.80, for a total value of C$109,437.43. Corporate 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.