Royal Bank of Canada Lowers Enerflex (TSE:EFX) Price Target to C$12.00

Enerflex (TSE:EFX) had its price target decreased by equities researchers at Royal Bank of Canada from C$14.00 to C$12.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 97.04% from the company’s current price.

EFX has been the topic of several other research reports. BMO Capital Markets dropped their target price on Enerflex from C$10.00 to C$6.00 and set a “market perform” rating on the stock in a report on Thursday, October 5th. National Bankshares dropped their price objective on Enerflex from C$14.00 to C$10.00 and set a “sector perform” rating on the stock in a research note on Friday, October 13th. Stifel Nicolaus dropped their price objective on Enerflex from C$12.00 to C$11.00 in a research note on Thursday. Finally, CIBC dropped their price objective on Enerflex from C$11.75 to C$8.50 and set a “neutral” rating on the stock in a research note on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$10.50.

Enerflex Stock Down 3.3 %

EFX stock opened at C$6.09 on Friday. The company has a debt-to-equity ratio of 97.80, a current ratio of 1.31 and a quick ratio of 1.20. The stock has a market capitalization of C$754.49 million, a P/E ratio of -5.59 and a beta of 1.71. The business has a 50-day moving average of C$6.72 and a 200-day moving average of C$8.05. Enerflex has a fifty-two week low of C$5.44 and a fifty-two week high of C$11.03.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Wednesday, August 9th. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.19 by C($0.21). The firm had revenue of C$776.67 million for the quarter, compared to analyst estimates of C$790.03 million. Enerflex had a negative return on equity of 4.36% and a negative net margin of 2.11%. On average, sell-side analysts anticipate that Enerflex will post 0.8163539 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 Eastern Hemisphere. The company provides natural gas compression infrastructure, power generation, and processing 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, electric power solutions, and water 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.