Enerflex (NYSE:EFXT) Stock Price Target Raised at Royal Bank Of Canada

Enerflex (NYSE:EFXT) had its price target increased by equities researchers at Royal Bank Of Canada from $33.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 27.99% from the company’s current price.

Several other equities analysts have also recently commented on EFXT. Acumen Capital raised shares of Enerflex to a “strong-buy” rating in a research report on Friday, October 2nd. Weiss Ratings raised Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Canadian Imperial Bank of Commerce set a $35.00 target price on Enerflex and gave the stock an “outperform” rating in a report on Tuesday. Finally, Zacks Research downgraded Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Enerflex currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

Enerflex Stock Down 0.7%

Shares of NYSE:EFXT opened at $27.35 on Wednesday. The firm has a market cap of $3.34 billion, a PE ratio of 64.21 and a beta of 1.80. The company has a fifty day simple moving average of $22.26 and a 200 day simple moving average of $23.51. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Enerflex has a 12-month low of $10.57 and a 12-month high of $29.15.

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 the consensus estimate of $0.31 by ($0.06). The company had revenue of $582.00 million for the quarter, compared to analyst estimates of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. On average, equities research analysts anticipate that Enerflex will post 1.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerflex

Institutional investors and hedge funds have recently bought and sold shares of the business. Cibc World Market Inc. bought a new position in Enerflex during the 2nd quarter worth $15,851,000. Arrowstreet Capital Limited Partnership lifted its stake in Enerflex by 240.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 466,627 shares of the company’s stock valued at $9,763,000 after buying an additional 329,469 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Enerflex by 21.0% in the first quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock valued at $8,506,000 after buying an additional 70,818 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Enerflex by 74.7% during the second quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock valued at $13,170,000 after acquiring an additional 238,574 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Enerflex during the second quarter valued at $30,569,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex News Roundup

Here are the key news stories impacting Enerflex this week:

• Positive Sentiment: More than 1 gigawatt power contract: Enerflex will design, engineer, fabricate and assemble over 1 GW of low-emission, natural-gas-fired, behind-the-meter generation equipment for a large North American data-center development. The project is expected to support demand for the company’s Engineered Systems business. Enerflex Announces Major Project Award and Increases Behind-the-Meter Power Generation Backlog to Over 1.75 Gigawatts
• Positive Sentiment: Backlog now exceeds 1.75 GW: Including approximately 450 MW announced earlier in October, Enerflex’s behind-the-meter power-generation backlog has grown to more than 1.75 GW, with deliveries extending through 2028. This improves revenue visibility and highlights the company’s exposure to data-center electricity demand. Enerflex Announces Major Project Award and Increases Behind-the-Meter Power Generation Backlog to Over 1.75 Gigawatts
• Positive Sentiment: Analyst upgrade: Canadian Imperial Bank of Commerce upgraded Enerflex from “neutral” to “sector outperform,” adding to the positive market reaction. Analysts cited by American Banking News have an average price target of $36.67, implying further potential upside. Enerflex Ltd. Stock Has Average Target Price of $36.67 According to Analysts
• Neutral Sentiment: Execution and financial details remain unclear: Enerflex did not disclose the contract’s value, customer or detailed margin profile. The multiyear delivery schedule means the backlog’s benefits will be realized over time and depends on successful project execution.
• Negative Sentiment: Recent earnings were below expectations: The company’s latest reported quarter missed analyst estimates for both earnings per share and revenue, leaving execution of the new backlog important for sustaining the improved investor outlook.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.