Enerflex (TSE:EFX) PT Raised to C$9.00 at CIBC

Enerflex (TSE:EFX) had its price target lifted by stock analysts at CIBC from C$8.00 to C$9.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 13.49% from the company’s current price.

EFX has been the subject of several other reports. Raymond James raised their price target 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. National Bank Financial upgraded Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, January 24th. ATB Capital raised their price target on Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. National Bankshares upgraded Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 target price for the company in a report on Thursday, January 25th. Finally, BMO Capital Markets upgraded Enerflex from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$8.00 to C$10.00 in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.

Enerflex Trading Up 2.1 %

Shares of Enerflex stock opened at C$7.93 on Monday. Enerflex has a fifty-two week low of C$5.44 and a fifty-two week high of C$11.03. The stock has a 50 day moving average of C$7.91 and a 200 day moving average of C$6.76. The firm has a market capitalization of C$983.00 million, a price-to-earnings ratio of -8.81 and a beta of 1.82. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25.

Enerflex (TSE:EFX) last released its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.21). Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%. The firm had revenue of C$782.21 million for the quarter, compared to analysts’ expectations of C$788.63 million. As a group, research analysts predict that Enerflex will post 0.5956552 earnings per share 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.