Enerflex (TSE:EFX) Stock Crosses Above 200 Day Moving Average - Should You 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%.

Enerflex Ltd. (TSE:EFX - Get Free Report) shares crossed 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.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. ATB Capital boosted their target price on shares of Enerflex from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Raymond James Financial increased their price objective on shares of Enerflex from C$17.75 to C$18.25 and gave the company an "outperform" rating in a research note on Friday, August 8th. TD Securities increased their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, BMO Capital Markets increased their target price on shares of Enerflex from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research report 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's stock. According to MarketBeat.com, Enerflex has a consensus rating of "Moderate Buy" and an average target price of C$16.88.

Enerflex Stock Up 0.4%

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 company has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 13.41 and a beta of 2.39. The stock's fifty day moving average price is C$12.10 and its 200-day moving average price is C$10.86.

Enerflex Announces Dividend

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

Insiders Place Their Bets

In other Enerflex news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of C$10.80, for a total value of C$109,437.43. 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.