Enerflex (TSE:EFX) Share Price Passes Above 200 Day Moving Average of $6.69

Enerflex Ltd. (TSE:EFX) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.69 and traded as high as C$8.35. Enerflex shares last traded at C$8.16, with a volume of 210,604 shares changing hands.

Analysts Set New Price Targets

Several brokerages have issued reports on EFX. National Bankshares upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 price objective for the company in a research report on Thursday, January 25th. National Bank Financial upgraded Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, January 24th. Stifel Nicolaus raised their price objective on Enerflex from C$11.00 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. BMO Capital Markets raised Enerflex from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$8.00 to C$10.00 in a research note on Thursday, February 29th. Finally, ATB Capital raised their price objective on Enerflex from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$11.25.

Enerflex Stock Down 1.7 %

The company has a debt-to-equity ratio of 94.38, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market capitalization of C$1.01 billion, a P/E ratio of -9.07 and a beta of 1.82. The firm has a 50-day simple moving average of C$7.81 and a 200 day simple moving average of C$6.69.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%. The company had revenue of C$782.21 million for the quarter, compared to the consensus estimate of C$788.63 million. On average, equities research analysts forecast that Enerflex Ltd. will post 0.5956552 EPS for the current year.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.23%. Enerflex’s dividend payout ratio (DPR) is -11.11%.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.