BMO Capital Markets Increases Enerflex (TSE:EFX) Price Target to C$11.00

Enerflex (TSE:EFX) had its price objective hoisted by equities 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’ target price would suggest a potential upside of 38.89% from the stock’s current price.

Other analysts also recently issued reports about the company. CIBC raised their target price on Enerflex from C$8.00 to C$9.00 and gave the company a “neutral” rating in a research note on Monday. Raymond James raised their price objective on Enerflex from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. National Bankshares upgraded Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 price objective for the company in a report on Thursday, January 25th. National Bank Financial upgraded Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, January 24th. Finally, ATB Capital upped their price objective on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.

Enerflex Trading Up 1.9 %

EFX traded up C$0.15 during trading on Tuesday, hitting C$7.92. The company’s stock had a trading volume of 41,010 shares, compared to its average volume of 323,240. The firm has a market capitalization of C$981.76 million, a P/E ratio of -8.79 and a beta of 1.82. Enerflex has a twelve month low of C$5.44 and a twelve month high of C$11.03. The stock’s fifty day moving average price is C$7.89 and its 200-day moving average price is C$6.75. 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 (TSE:EFX) last released its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). The company had revenue of C$782.21 million for the quarter, compared to analyst estimates of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. Analysts anticipate that Enerflex will post 0.5956552 EPS for the current year.

Enerflex Company Profile

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.