Enerflex (TSE:EFX) Shares Pass Above Two Hundred Day Moving Average of $7.58

Shares of Enerflex Ltd. (TSE:EFX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.58 and traded as high as C$8.20. Enerflex shares last traded at C$8.06, with a volume of 168,151 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. National Bankshares lowered shares of Enerflex from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$10.00 to C$9.00 in a report on Monday, June 3rd. BMO Capital Markets increased their target price on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. TD Securities increased their target price on shares of Enerflex from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, ATB Capital reduced their target price on shares of Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$10.44.

Enerflex Stock Performance

The firm has a market cap of C$999.84 million, a P/E ratio of -7.13 and a beta of 1.72. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The business’s fifty day simple moving average is C$7.71 and its 200-day simple moving average is C$7.58.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.03). The firm had revenue of C$840.09 million during the quarter, compared to the consensus estimate of C$761.73 million. Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. As a group, sell-side analysts expect that Enerflex Ltd. will post 0.7317518 earnings per share for the current year.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, August 22nd. Enerflex’s dividend payout ratio (DPR) is presently -8.85%.

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.