Enerflex (TSE:EFX) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Enerflex Ltd. (TSE:EFX)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

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

Enerflex Trading Down 2.7 %

The company’s 50 day moving average price is C$13.04 and its two-hundred day moving average price is C$9.75. The firm has a market cap of C$1.79 billion, a PE ratio of -12.52 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.

Enerflex Increases Dividend

The company also recently disclosed 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. 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 1.04%. The ex-dividend date is Tuesday, November 26th. Enerflex’s dividend payout ratio is -8.70%.

Insiders Place Their Bets

In related news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price 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.