Enerflex (TSE:EFX) Price Target Raised to C$11.00

Enerflex (TSE:EFX) had its price objective raised by analysts at BMO Capital Markets from C$10.00 to C$11.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 40.49% from the company’s current price.

Other research analysts have also issued research reports about the stock. National Bankshares raised shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 target price for the company in a research report on Thursday, January 25th. Raymond James boosted their price objective on Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Stifel Nicolaus raised their target price on Enerflex from C$11.00 to C$13.00 and gave the company a “buy” rating in a report on Thursday, January 18th. National Bank Financial raised Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, January 24th. Finally, ATB Capital increased their price objective on Enerflex from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and an average target price of C$11.50.

Enerflex Stock Down 1.3 %

EFX opened at C$7.83 on Tuesday. Enerflex has a twelve month low of C$5.44 and a twelve month high of C$11.03. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25. The business has a 50 day moving average price of C$7.91 and a 200 day moving average price of C$6.76. The firm has a market cap of C$970.61 million, a P/E ratio of -8.70 and a beta of 1.82.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). The firm had revenue of C$782.21 million during the quarter, compared to analyst estimates of C$788.63 million. Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%. Research analysts forecast that Enerflex will post 0.5956552 EPS for the current year.

About Enerflex

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.