Enerflex (TSE:EFX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Enerflex (TSE:EFX) had its price objective lifted by BMO Capital Markets from C$11.00 to C$15.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 28.21% from the company’s current price.

Other analysts have also recently issued reports about the company. ATB Capital decreased their price objective on Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. TD Securities increased their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James raised their price target on Enerflex from C$12.00 to C$13.75 in a report on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$12.34.

Enerflex Stock Up 3.8 %

Shares of EFX traded up C$0.43 during mid-day trading on Friday, reaching C$11.70. The company’s stock had a trading volume of 573,304 shares, compared to its average volume of 291,596. Enerflex has a 12-month low of C$5.45 and a 12-month high of C$11.92. The stock has a market cap of C$1.45 billion, a PE ratio of -10.17 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The company’s 50 day moving average is C$8.69 and its 200 day moving average is C$7.84.

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.