Enerflex (TSE:EFX) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Enerflex Ltd. (TSE:EFX) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.50 and traded as high as C$13.83. Enerflex shares last traded at C$13.72, with a volume of 178,201 shares trading hands.

Analyst Ratings Changes

EFX has been the topic of a number of research reports. ATB Capital raised their price target on Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. TD Securities boosted their target price on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. National Bankshares increased their price target on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Raymond James boosted their price objective on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Finally, BMO Capital Markets upped their price objective on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$13.47.

Enerflex Stock Down 0.3 %

The stock has a market cap of C$1.70 billion, a P/E ratio of -11.93 and a beta of 1.71. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The company has a 50-day simple moving average of C$14.02 and a two-hundred day simple moving average of C$10.50.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 16th were issued a dividend of $0.0375 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, November 26th. Enerflex’s dividend payout ratio is currently -8.70%.

Insiders Place Their Bets

In other Enerflex news, Director Joanne Linette Cox acquired 2,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of C$13.65 per share, for a total transaction of C$34,115.00. Insiders own 0.49% of the company’s stock.

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.