Enerflex (TSE:EFX) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Enerflex Ltd. (TSE:EFX) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.45 and traded as high as C$28.71. Enerflex shares last traded at C$28.41, with a volume of 712,156 shares.

Wall Street Analysts Forecast Growth

EFX has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research note on Wednesday, February 4th. ATB Cormark Capital Markets set a C$26.00 price objective on Enerflex and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, TD Securities lifted their price objective on Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$24.97.

Enerflex Stock Performance

The company has a market capitalization of C$3.46 billion, a PE ratio of 54.63 and a beta of 2.36. The business’s fifty day moving average is C$25.58 and its two-hundred day moving average is C$20.45. The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 64.41.

Enerflex (TSE:EFX) last issued its earnings results on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. Enerflex had a return on equity of 4.22% and a net margin of 1.56%.The business had revenue of C$821.97 million for the quarter. Equities research analysts predict that Enerflex Ltd. will post 0.734413 earnings per share for the current year.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.0425 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.17 annualized dividend and a yield of 0.6%. Enerflex’s dividend payout ratio is currently 21.37%.

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.