Enerflex (TSE:EFX) PT Raised to C$11.00

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

Several other equities analysts have also recently issued reports on the company. CIBC lifted their price objective on Enerflex from C$8.00 to C$9.00 and gave the stock a “neutral” rating in a report on Monday. ATB Capital boosted their price objective on shares of 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 Bank Financial upgraded shares of Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, January 24th. National Bankshares raised shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 price target on the stock in a report on Thursday, January 25th. Finally, Stifel Nicolaus increased their price target on shares of Enerflex from C$11.00 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$11.50.

Enerflex Price Performance

Enerflex stock opened at C$7.83 on Tuesday. 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 has a one year low of C$5.44 and a one year high of C$11.03. The company has a market cap of C$970.61 million, a P/E ratio of -8.70 and a beta of 1.82. The business has a fifty day moving average of C$7.91 and a two-hundred day moving average of C$6.76.

Enerflex (TSE:EFX) last released its quarterly earnings data on Wednesday, February 28th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$782.21 million for the quarter, compared to analysts’ expectations of C$788.63 million. As a group, analysts predict that Enerflex will post 0.5956552 earnings per share for the current fiscal 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.