Raymond James Comments on Enerflex Ltd’s FY2019 Earnings (TSE:EFX)
Enerflex Ltd (TSE:EFX) – Investment analysts at Raymond James upped their FY2019 earnings per share estimates for shares of Enerflex in a research note issued to investors on Friday, November 8th. Raymond James analyst A. Bradford now anticipates that the company will earn $1.74 per share for the year, up from their previous estimate of $1.54. Raymond James has a “Outperform” rating and a $21.00 price target on the stock.
EFX has been the topic of several other research reports. TD Securities upgraded shares of Enerflex from a “hold” rating to a “buy” rating and decreased their price target for the stock from C$19.00 to C$18.00 in a research report on Wednesday, September 4th. Royal Bank of Canada decreased their price target on shares of Enerflex from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$18.00 price target on the stock in a research report on Friday. BMO Capital Markets decreased their price target on shares of Enerflex from C$23.00 to C$18.00 in a research report on Tuesday, September 10th. Finally, CIBC decreased their price target on shares of Enerflex from C$20.00 to C$18.00 in a research report on Tuesday, October 15th.
In other news, Senior Officer Marc Edward Rossiter acquired 20,000 shares of the stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of C$12.46 per share, for a total transaction of C$249,240.00. Following the transaction, the insider now owns 50,000 shares in the company, valued at approximately C$623,100.
Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.
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