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

Shares of Enerflex Ltd. (TSE:EFX) crossed 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

EFX has been the subject of a number of research reports. National Bankshares raised shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 target price for the company in a report on Thursday, January 25th. National Bank Financial raised shares of Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their price objective on shares of Enerflex from C$11.00 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Raymond James increased their price objective on shares of Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, ATB Capital increased their price objective on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enerflex has a consensus rating of “Moderate Buy” and a consensus price target of C$11.25.

Enerflex Stock Performance

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

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

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, March 13th will be issued a $0.025 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a yield of 1.28%. Enerflex’s dividend 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.