Enerflex (NYSE:EFXT) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Enerflex Ltd. (NYSE:EFXT)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $22.78 and traded as high as $23.81. Enerflex shares last traded at $23.43, with a volume of 530,601 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EFXT shares. Acumen Capital raised Enerflex to a “strong-buy” rating in a research report on Friday, October 2nd. Wall Street Zen lowered Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada upped their price target on Enerflex from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Canadian Imperial Bank of Commerce set a $35.00 price target on Enerflex and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Finally, Weiss Ratings upgraded Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average target price of $38.67.

Enerflex Stock Up 3.0%

The firm’s fifty day simple moving average is $22.78 and its 200 day simple moving average is $22.36. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 54.49 and a beta of 1.80.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The firm had revenue of $582.00 million during the quarter, compared to analyst estimates of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Sell-side analysts predict that Enerflex Ltd. will post 1.32 earnings per share for the current year.

Enerflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a C$0.04 dividend. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 19th. Enerflex’s dividend payout ratio is 27.91%.

Institutional Trading of Enerflex

A number of hedge funds and other institutional investors have recently bought and sold shares of EFXT. Montrusco Bolton Investments Inc. increased its holdings in shares of Enerflex by 694.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 211,736 shares of the company’s stock valued at $4,829,000 after acquiring an additional 185,086 shares during the last quarter. Wellington Altus USA Inc. acquired a new stake in shares of Enerflex during the 2nd quarter worth about $185,000. Integrated Wealth Concepts LLC purchased a new stake in Enerflex during the second quarter worth approximately $79,000. TD Waterhouse Canada Inc. lifted its stake in Enerflex by 74.7% during the second quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock worth $13,170,000 after purchasing an additional 238,574 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in Enerflex during the second quarter worth approximately $8,500,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.