Enerflex (TSE:EFX) Stock Price Expected to Rise, TD Securities Analyst Says

Enerflex (TSE:EFX) had its price objective lifted by equities research analysts at TD Securities from C$12.00 to C$15.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 28.21% from the company’s previous close.

Several other research firms also recently weighed in on EFX. ATB Capital decreased their price target on shares of Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. BMO Capital Markets lifted their price target on shares of Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. Finally, Raymond James lifted their price target on shares of Enerflex from C$11.75 to C$12.00 in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Trading Up 3.8 %

Shares of EFX stock traded up C$0.43 during trading hours on Friday, hitting C$11.70. 573,304 shares of the company’s stock traded hands, compared to its average volume of 291,596. The stock’s 50 day simple moving average is C$8.69 and its 200 day simple moving average is C$7.84. The stock has a market cap of C$1.45 billion, a PE ratio of -10.21 and a beta of 1.71. Enerflex has a 12 month low of C$5.45 and a 12 month high of C$11.92. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84.

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.