Enerflex (TSE:EFX) Shares Pass Above 200 Day Moving Average - Should You Sell?

Enerflex Ltd. (TSE:EFX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EFX. Acumen Capital boosted their price objective on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. BMO Capital Markets boosted their price target on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. National Bankshares raised their price objective on shares of Enerflex from C$11.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 19th. ATB Capital boosted their target price on shares of Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Finally, Raymond James raised their price target on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$13.47.

Enerflex Price Performance

The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The business has a 50-day moving average of C$12.93 and a 200 day moving average of C$9.69. The firm has a market capitalization of C$1.83 billion, a PE ratio of -12.83 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Tuesday, November 26th. This is an increase from Enerflex's previous quarterly dividend of $0.03. Enerflex's payout ratio is presently -8.70%.

Insider Activity

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

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.