Stifel Nicolaus Cuts Enerflex (TSE:EFX) Price Target to C$10.00

Enerflex (TSE:EFX) had its price target cut by stock analysts at Stifel Nicolaus from C$13.00 to C$10.00 in a research note issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 43.88% from the company’s previous close.

EFX has been the subject of several other research reports. CIBC increased their price target on Enerflex from C$8.00 to C$9.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. National Bank Financial raised Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, January 24th. Raymond James decreased their target price on Enerflex from C$11.50 to C$11.00 in a research note on Thursday. ATB Capital raised their target price on Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, National Bankshares raised Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 target price for the company in a research note on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$10.94.

Enerflex Trading Up 5.3 %

Enerflex stock traded up C$0.35 during trading hours on Thursday, hitting C$6.95. The stock had a trading volume of 744,689 shares, compared to its average volume of 355,404. 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 stock has a market cap of C$861.52 million, a price-to-earnings ratio of -7.73 and a beta of 1.82. Enerflex has a one year low of C$5.44 and a one year high of C$11.03. The business’s 50 day simple moving average is C$8.12 and its 200-day simple moving average is C$6.91.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, February 28th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.21). The firm had revenue of C$782.21 million during the quarter, compared to the consensus estimate of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. On average, equities analysts predict that Enerflex will post 0.5247718 EPS for the current fiscal 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.