Enerflex (TSE:EFX) Lowered to Hold at National Bank Financial

Enerflex (TSE:EFXGet Free Report) was downgraded by investment analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a report released on Sunday, Zacks.com reports.

A number of other research firms have also weighed in on EFX. BMO Capital Markets reduced their price objective on shares of Enerflex from C$11.00 to C$10.00 in a research note on Wednesday, May 8th. National Bankshares downgraded shares of Enerflex from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$10.00 to C$9.00 in a report on Monday. ATB Capital raised their price target on shares of Enerflex from C$12.00 to C$13.50 and gave the company an “outperform” rating in a report on Friday, March 1st. Raymond James dropped their price target on shares of Enerflex from C$11.50 to C$11.00 in a report on Thursday, May 9th. Finally, Stifel Nicolaus dropped their price target on shares of Enerflex from C$13.00 to C$10.00 in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of C$10.44.

Check Out Our Latest Report on EFX

Enerflex Stock Down 7.1 %

TSE:EFX opened at C$6.58 on Friday. The firm has a market cap of C$815.85 million, a P/E ratio of -5.31 and a beta of 1.80. The company has a debt-to-equity ratio of 90.44, a quick ratio of 1.20 and a current ratio of 1.16. Enerflex has a fifty-two week low of C$5.44 and a fifty-two week high of C$11.03. The firm has a 50-day simple moving average of C$7.67 and a two-hundred day simple moving average of C$7.06.

Enerflex (TSE:EFXGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported C($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.33). The firm had revenue of C$860.11 million for the quarter, compared to the consensus estimate of C$780.57 million. Enerflex had a negative net margin of 4.65% and a negative return on equity of 10.12%. Analysts predict that Enerflex will post 0.3211137 earnings per share for the current fiscal year.

About Enerflex

(Get Free Report)

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.

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