Enerflex (TSE:EFX) Stock Price Crosses Above Two Hundred Day Moving Average of $7.52

Enerflex Ltd. (TSE:EFX)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.52 and traded as high as C$8.14. Enerflex shares last traded at C$8.11, with a volume of 161,034 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EFX. National Bank Financial downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a report on Sunday, June 2nd. Raymond James reduced their price objective on Enerflex from C$11.50 to C$11.00 in a report on Thursday, May 9th. TD Securities increased their price target on Enerflex from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus lowered their price objective on shares of Enerflex from C$13.00 to C$10.00 in a research note on Thursday, May 9th. Finally, National Bankshares cut Enerflex from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$10.00 to C$9.00 in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$10.44.

Enerflex Trading Up 1.5 %

The company has a 50-day simple moving average of C$7.42 and a 200 day simple moving average of C$7.52. The firm has a market cap of C$1.01 billion, a PE ratio of -6.49 and a beta of 1.73. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.23%. Enerflex’s payout ratio is currently -8.00%.

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.