Enerflex (TSE:EFX) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Enerflex Ltd. (TSE:EFX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.60 and traded as high as C$21.77. Enerflex shares last traded at C$20.68, with a volume of 679,827 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on EFX shares. Royal Bank Of Canada increased their price objective on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. National Bankshares raised their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Desjardins boosted their price objective on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research report on Monday, October 20th. ATB Capital increased their target price on shares of Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, BMO Capital Markets raised their target price on Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$20.97.

Enerflex Trading Down 4.2%

The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The firm has a market capitalization of C$2.52 billion, a PE ratio of 18.80 and a beta of 2.16. The stock’s 50-day simple moving average is C$18.51 and its 200-day simple moving average is C$14.60.

Enerflex (TSE:EFX) last announced its earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. The firm had revenue of C$1.08 billion for the quarter. As a group, sell-side analysts expect that Enerflex Ltd. will post 0.734413 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, December 1st were issued a dividend of $0.0425 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, November 17th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. Enerflex’s dividend payout ratio (DPR) is currently 9.77%.

Insider Activity at Enerflex

In other news, insider Paul Mahoney purchased 18,250 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of C$13.70 per share, for a total transaction of C$250,025.00. Following the completion of the transaction, the insider directly owned 36,500 shares of the company’s stock, valued at C$500,050. This trade represents a 100.00% increase in their position. 0.49% of the stock is currently owned by insiders.

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.