Enerflex Ltd. (TSE:EFX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Enerflex Ltd. (TSE:EFX) have earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$13.47.

Several equities research analysts have recently weighed in on the stock. ATB Capital increased their target price on shares of Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. National Bankshares lifted their target price 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. BMO Capital Markets boosted their target price on Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Acumen Capital increased their price target on Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th. Finally, TD Securities raised their price target on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, November 15th.

Enerflex Stock Down 1.5 %

Shares of TSE EFX opened at C$12.58 on Thursday. The stock has a market cap of C$1.57 billion, a PE ratio of -13.67 and a beta of 1.71. Enerflex has a 52-week low of C$6.30 and a 52-week high of C$15.22. The business has a 50-day moving average price of C$14.00 and a 200 day moving average price of C$11.05. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27.

Insider Activity

In related news, Director Joanne Linette Cox purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of C$13.65 per share, with a total value of C$34,115.00. Company insiders own 0.49% of the company’s stock.

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.