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

Enerflex Ltd. (TSE:EFX)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.84 and traded as high as C$25.37. Enerflex shares last traded at C$25.18, with a volume of 516,341 shares traded.

Wall Street Analysts Forecast Growth

EFX has been the topic of a number of analyst reports. Desjardins increased their target price on Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, October 20th. National Bank Financial upped their price objective on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. 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. BMO Capital Markets lifted their price objective on Enerflex from C$20.00 to C$23.00 in a research report on Monday, November 10th. Finally, TD Securities upped their target price on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$21.47.

Enerflex Stock Performance

The firm has a market cap of C$3.07 billion, a PE ratio of 22.89 and a beta of 2.41. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The stock has a 50-day moving average price of C$22.21 and a 200 day moving average price of C$17.84.

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

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.7%. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is currently 9.77%.

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.