Enerflex (TSE:EFX) Price Target Raised to C$12.00 at Raymond James

Enerflex (TSE:EFX) had its price objective raised by research analysts at Raymond James from C$11.75 to C$12.00 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 35.75% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. ATB Capital reduced their target price on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Finally, TD Securities upped their price objective on shares of Enerflex from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$10.67.

Enerflex Price Performance

Enerflex stock traded down C$0.23 during mid-day trading on Tuesday, hitting C$8.84. 100,456 shares of the company traded hands, compared to its average volume of 288,268. The stock has a fifty day moving average price of C$7.94 and a 200-day moving average price of C$7.63. Enerflex has a one year low of C$5.44 and a one year high of C$9.23. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of -7.69 and a beta of 1.71.

Enerflex (TSE:EFX) last announced its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.03). The firm had revenue of C$840.09 million during the quarter, compared to the consensus estimate of C$761.73 million. Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. On average, equities analysts predict that Enerflex will post 0.734413 earnings per share 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.