Enerflex (TSE:EFX) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Enerflex Ltd. (TSE:EFX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.09 and traded as high as C$11.98. Enerflex shares last traded at C$11.34, with a volume of 1,059,713 shares traded.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. TD Securities lifted their price target on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Acumen Capital lifted their target price on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. ATB Capital increased their price target on Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. National Bankshares lifted 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 report on Thursday, December 19th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Enerflex has a consensus rating of “Moderate Buy” and an average price target of C$13.47.

Enerflex Stock Performance

The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company’s 50 day moving average price is C$13.88 and its 200-day moving average price is C$11.09. The company has a market cap of C$1.42 billion, a PE ratio of -12.37 and a beta of 1.71.

Insider Activity

In other 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 cost of C$13.65 per share, for a total transaction of C$34,115.00. 0.49% of the stock is owned by company 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.