Enerflex (TSE:EFX) Price Target Cut to C$12.00

Enerflex (TSE:EFX - Get Free Report) had its price target dropped by stock analysts at ATB Capital from C$12.50 to C$12.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. ATB Capital's price target points to a potential upside of 62.60% from the company's previous close.

Other equities research analysts also recently issued reports about the company. National Bankshares downgraded Enerflex from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from C$10.00 to C$9.00 in a report on Monday, June 3rd. Raymond James lowered their price objective on shares of Enerflex from C$11.50 to C$11.00 in a research report on Thursday, May 9th. BMO Capital Markets decreased their target price on shares of Enerflex from C$11.00 to C$10.00 in a research note on Wednesday, May 8th. Stifel Nicolaus dropped their price target on Enerflex from C$13.00 to C$10.00 in a research report on Thursday, May 9th. Finally, CIBC decreased their price objective on Enerflex from C$6.55 to C$6.00 in a research report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$10.25.

Enerflex Stock Up 1.9 %

TSE:EFX traded up C$0.14 during midday trading on Friday, hitting C$7.38. 129,913 shares of the company were exchanged, compared to its average volume of 330,737. Enerflex has a fifty-two week low of C$5.44 and a fifty-two week high of C$11.03. The company has a market capitalization of C$915.05 million, a PE ratio of -5.95 and a beta of 1.80. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 90.44. The company has a fifty day simple moving average of C$7.18 and a 200 day simple moving average of C$7.19.

Enerflex (TSE:EFX - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported C($0.20) earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.33). The firm had revenue of C$860.11 million during the quarter, compared to analysts' expectations of C$780.57 million. Enerflex had a negative net margin of 4.65% and a negative return on equity of 10.12%. As a group, equities analysts anticipate that Enerflex will post 0.3211137 earnings per share for the current fiscal year.

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.