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

Key Points

• Earnings Performance: Enerflex Ltd. shares surpassed their 200-day moving average of C$11.65, reaching as high as C$15.56 during trading, and last traded at C$15.31.
• Analyst Upgrades: Several analysts have raised their price targets for Enerflex, with BMO Capital Markets increasing theirs from C$18.00 to C$20.00, and the average target price now stands at C$17.46.
• Dividend Announcement: Enerflex recently paid a quarterly dividend of $0.0375 per share, translating to an annualized payout of $0.15 and a dividend yield of 1.0%.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.65 and traded as high as C$15.56. Enerflex shares last traded at C$15.31, with a volume of 232,564 shares trading hands.

Analyst Upgrades and Downgrades

EFX has been the topic of several analyst reports. BMO Capital Markets increased their price target on Enerflex from C$18.00 to C$20.00 in a report on Friday, October 10th. Raymond James Financial increased their price target on Enerflex from C$17.75 to C$18.25 and gave the company an "outperform" rating in a report on Friday, August 8th. TD Securities increased their price objective on Enerflex from C$17.00 to C$19.00 in a research report on Tuesday. Royal Bank Of Canada boosted their target price on shares of Enerflex from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a research report on Thursday, September 25th. Finally, ATB Capital increased their price target on shares of Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Enerflex currently has a consensus rating of "Moderate Buy" and an average target price of C$17.46.

Enerflex Stock Performance

The firm has a market cap of C$1.90 billion, a P/E ratio of 14.72 and a beta of 2.37. The stock's 50 day moving average is C$14.37 and its two-hundred day moving average is C$11.65. 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.0%. Enerflex's dividend payout ratio (DPR) is presently 9.50%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.