Enerflex (TSE:EFX) Price Target Cut to C$10.00

Enerflex (TSE:EFX) had its price target dropped by stock analysts at BMO Capital Markets from C$11.00 to C$10.00 in a report released on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 43.68% from the stock’s previous close.

EFX has been the topic of several other research reports. Raymond James upped 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 on the stock in a research note on Thursday, January 25th. Stifel Nicolaus boosted 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. CIBC increased their price objective on shares of Enerflex from C$8.00 to C$9.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, National Bank Financial upgraded Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$10.94.

Enerflex Trading Up 5.5 %

EFX opened at C$6.96 on Wednesday. The firm’s 50 day moving average is C$8.10 and its 200-day moving average is C$6.91. Enerflex has a 52-week low of C$5.44 and a 52-week high of C$11.03. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 94.38. The firm has a market capitalization of C$862.76 million, a P/E ratio of -7.73 and a beta of 1.82.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of C$788.63 million. Analysts expect that Enerflex will post 0.5247718 EPS 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.