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

Enerflex (TSE:EFX) had its price target increased by analysts at CIBC from C$8.00 to C$9.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 13.49% from the stock’s previous close.

EFX has been the subject of a number of other reports. 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. BMO Capital Markets upgraded shares of Enerflex from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$8.00 to C$10.00 in a report on Thursday, February 29th. Raymond James raised their price objective on shares of Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. Stifel Nicolaus raised their target price on shares of Enerflex from C$11.00 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, 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 note on Thursday, January 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.

Enerflex Stock Up 2.1 %

EFX opened at C$7.93 on Monday. The stock has a market cap of C$983.00 million, a PE ratio of -8.81 and a beta of 1.82. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 94.38. Enerflex has a 52 week low of C$5.44 and a 52 week high of C$11.03. The business’s fifty day simple moving average is C$7.91 and its 200 day simple moving average is C$6.76.

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