Enerflex (TSE:EFX) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Enerflex Ltd. (TSE:EFX) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.14 and traded as high as C$15.10. Enerflex shares last traded at C$15.00, with a volume of 348,092 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EFX shares. ATB Capital upped their price objective on shares of Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Acumen Capital upped their price objective on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. TD Securities upped their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Raymond James upped their price objective on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. Finally, National Bankshares upped their price objective on shares of Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Enerflex presently has an average rating of “Moderate Buy” and a consensus target price of C$13.47.

Enerflex Stock Up 1.8 %

The company has a market capitalization of C$1.86 billion, a PE ratio of -13.04 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The stock’s 50 day moving average is C$13.82 and its 200 day moving average is C$10.16.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 16th were paid a dividend of $0.0375 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, November 26th. Enerflex’s dividend payout ratio is presently -8.70%.

Insider Activity at Enerflex

In other news, Director Joanne Linette Cox bought 2,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of C$13.65 per share, for a total transaction of C$34,115.00. 0.49% of the stock is currently owned by corporate insiders.

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.