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

Enerflex Ltd. (TSE:EFX) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.69 and traded as high as C$14.61. Enerflex shares last traded at C$14.26, with a volume of 490,454 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Acumen Capital upped their price target on shares of Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. TD Securities upped their target price on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Raymond James increased their target price on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. National Bankshares boosted their price target on Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets increased their price objective on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.47.

Enerflex Stock Up 1.0 %

The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of -12.40 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The stock has a 50-day moving average of C$12.93 and a 200-day moving average of C$9.69.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

Insider Activity at Enerflex

In other news, Director Joanne Linette Cox acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of C$13.65 per share, with a total value of C$34,115.00. 0.49% of the stock is owned by 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.