Enerflex (TSE:EFX) Given New C$14.00 Price Target at BMO Capital Markets

Enerflex (TSE:EFX) had its price target lowered by equities research analysts at BMO Capital Markets from C$15.00 to C$14.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 49.09% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. TD Securities decreased their price objective on shares of Enerflex from C$17.00 to C$15.00 and set a “buy” rating for the company in a report on Wednesday. Raymond James increased their target price on shares of Enerflex from C$17.00 to C$17.75 in a research report on Friday, February 28th. Finally, National Bankshares increased their price target on Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Enerflex has an average rating of “Hold” and an average target price of C$13.84.

Enerflex Stock Up 1.3 %

EFX traded up C$0.12 on Thursday, reaching C$9.39. The company’s stock had a trading volume of 117,447 shares, compared to its average volume of 541,636. The business’s 50 day moving average is C$11.04 and its 200 day moving average is C$11.73. The stock has a market cap of C$1.17 billion, a price-to-earnings ratio of -10.20 and a beta of 1.71. Enerflex has a 1 year low of C$6.30 and a 1 year high of C$15.22. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20.

Insider Buying and Selling

In related news, Senior Officer Joseph Paul John Ladouceur acquired 3,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were bought at an average cost of C$11.41 per share, for a total transaction of C$34,233.00. Insiders have bought a total of 6,200 shares of company stock valued at $69,129 over the last three months. 0.49% of the stock is owned by corporate insiders.

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.