Enerflex (TSE:EFX) Shares Cross Above Two Hundred Day Moving Average of $6.92

Shares of Enerflex Ltd. (TSE:EFX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.92 and traded as high as C$8.50. Enerflex shares last traded at C$8.39, with a volume of 473,273 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. CIBC upped their price target on Enerflex from C$8.00 to C$9.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. National Bank Financial raised Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, January 24th. BMO Capital Markets upped their price target on Enerflex from C$10.00 to C$11.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus upped their price target on Enerflex from C$11.00 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, ATB Capital upped their target price on Enerflex from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$11.50.

Enerflex Price Performance

The firm has a 50-day simple moving average of C$8.13 and a two-hundred day simple moving average of C$6.92. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of -9.32 and a beta of 1.82. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 94.38.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.21). The company had revenue of C$782.21 million for the quarter, compared to analyst estimates of C$788.63 million. Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%. As a group, analysts predict that Enerflex Ltd. will post 0.5247718 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, March 12th. Enerflex’s dividend payout ratio is currently -11.11%.

About Enerflex

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.