Enerflex (TSE:EFX) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Enerflex Ltd. (TSE:EFX) shares have surpassed their 200-day moving average, indicating a potential bullish trend. The stock traded at C$14.06, up from a moving average of C$10.87.
• Analysts' ratings reflect positive sentiment, with several brokerages raising their price targets, including ATB Capital raising its target to C$19.00 and Raymond James to C$18.25, both giving an "outperform" rating.
• The company has announced a quarterly dividend of $0.0375, resulting in an annualized dividend yield of 1.1% and a payout ratio of 9.50%.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.87 and traded as high as C$14.34. Enerflex shares last traded at C$14.06, with a volume of 462,626 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EFX. ATB Capital boosted their price target on Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Raymond James Financial upped their target price 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 upped their target price 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, TD Securities increased their price target on Enerflex from C$15.00 to C$17.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Enerflex currently has an average rating of "Moderate Buy" and an average target price of C$16.88.

Enerflex Trading Down 0.2%

The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The firm has a 50 day moving average of C$11.91 and a 200 day moving average of C$10.87. The firm has a market cap of C$1.72 billion, a PE ratio of 13.52 and a beta of 2.17.

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd were paid a $0.0375 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.15 annualized dividend and a yield of 1.1%. Enerflex's dividend payout ratio is presently 9.50%.

Insider Buying and Selling at Enerflex

In related news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the business's stock in a transaction 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. Company 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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