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

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$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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EFX. ATB Capital raised their price objective on shares of Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Acumen Capital increased their price objective on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. National Bankshares upped their target price 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. BMO Capital Markets increased their target price on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Finally, 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 note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.47.

Enerflex Stock Up 0.4 %

The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The stock’s 50 day simple moving average is C$13.88 and its two-hundred day simple moving average is C$11.09. The firm has a market cap of C$1.42 billion, a P/E ratio of -12.37 and a beta of 1.71.

Insider Buying and Selling at Enerflex

In other news, Director Joanne Linette Cox purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased 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 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.