Enerflex (TSE:EFX) Stock Passes Above 200 Day Moving Average of $7.37

Shares of Enerflex Ltd. (TSE:EFX) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.37 and traded as high as C$7.64. Enerflex shares last traded at C$7.60, with a volume of 153,149 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Enerflex from C$13.00 to C$10.00 in a research report on Thursday, May 9th. National Bankshares downgraded shares of Enerflex from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$10.00 to C$9.00 in a research report on Monday, June 3rd. ATB Capital reduced their price target on shares of Enerflex from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Raymond James reduced their price target on shares of Enerflex from C$11.50 to C$11.00 in a research report on Thursday, May 9th. Finally, National Bank Financial downgraded shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Sunday, June 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$10.25.

Enerflex Price Performance

The company’s 50 day moving average price is C$7.14 and its 200-day moving average price is C$7.38. The company has a market cap of C$953.48 million, a price-to-earnings ratio of -6.20 and a beta of 1.80. The company has a debt-to-equity ratio of 90.44, a quick ratio of 1.20 and a current ratio of 1.16.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.33). The business had revenue of C$860.11 million during the quarter, compared to analyst estimates of C$780.57 million. Enerflex had a negative return on equity of 10.12% and a negative net margin of 4.65%. On average, equities research analysts forecast that Enerflex Ltd. will post 0.3211137 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, May 22nd. Enerflex’s dividend payout ratio (DPR) is currently -8.06%.

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.