Enerflex (TSE:EFX) Shares Cross Above Two Hundred Day Moving Average of $6.69

Enerflex Ltd. (TSE:EFX) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.69 and traded as high as C$8.35. Enerflex shares last traded at C$8.16, with a volume of 210,604 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EFX shares. BMO Capital Markets upgraded Enerflex from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$8.00 to C$10.00 in a report on Thursday, February 29th. National Bankshares upgraded Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 price target for the company in a report on Thursday, January 25th. Raymond James increased their price target on Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. ATB Capital increased their price target on Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, CIBC increased their price target on Enerflex from C$7.25 to C$8.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$11.25.

Enerflex Stock Performance

The company’s 50-day simple moving average is C$7.85 and its 200 day simple moving average is C$6.71. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 94.38. The stock has a market cap of C$968.13 million, a P/E ratio of -8.68 and a beta of 1.82.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, February 28th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.21). Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%. The firm had revenue of C$782.21 million for the quarter, compared to the consensus estimate of C$788.63 million. As a group, sell-side analysts expect that Enerflex Ltd. will post 0.5956552 EPS for the current fiscal year.

Enerflex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.10 annualized dividend and a dividend yield of 1.28%. Enerflex’s payout ratio is currently -11.11%.

Enerflex Company Profile

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.