Enerflex (TSE:EFX) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Enerflex Ltd. (TSE:EFX - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EFX shares. TD Securities increased their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the company a "buy" rating in a report on Friday, November 15th. ATB Capital increased their price objective on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. BMO Capital Markets upped their target price on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. National Bankshares upped their target price on shares of Enerflex from C$11.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Thursday, December 19th. Finally, Raymond James upped their target price on shares of Enerflex from C$12.00 to C$13.75 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 stock. According to MarketBeat.com, Enerflex presently has a consensus rating of "Moderate Buy" and an average price target of C$13.47.

Enerflex Price Performance

The company's 50-day moving average price is C$14.05 and its 200-day moving average price is C$10.61. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The company has a market cap of C$1.67 billion, a P/E ratio of -11.73 and a beta of 1.71.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th were given a dividend of $0.0375 per share. This is an increase from Enerflex's previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of 1.11%. Enerflex's dividend payout ratio is currently -8.70%.

Insider Transactions at Enerflex

In other Enerflex news, Director Joanne Linette Cox bought 2,500 shares of Enerflex stock in a transaction that occurred 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. 0.49% of the stock is owned by insiders.

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.