Enerflex (TSE:EFX) Price Target Lowered to C$14.00 at BMO Capital Markets

Enerflex (TSE:EFX) had its price target dropped by research analysts at BMO Capital Markets from C$15.00 to C$14.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 49.09% from the stock’s previous close.

Several other brokerages have also recently commented on EFX. Raymond James increased their target price on shares of Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. National Bankshares upped their target price on Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. Finally, TD Securities lowered their price target on Enerflex from C$17.00 to C$15.00 and set a “buy” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$13.84.

Enerflex Trading Up 1.3 %

Shares of Enerflex stock traded up C$0.12 on Thursday, hitting C$9.39. 117,447 shares of the company’s stock traded hands, compared to its average volume of 541,636. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The stock has a market capitalization of C$1.17 billion, a PE ratio of -10.20 and a beta of 1.71. The firm’s 50-day moving average price is C$11.04 and its two-hundred day moving average price is C$11.73. Enerflex has a one year low of C$6.30 and a one year high of C$15.22.

Insiders Place Their Bets

In related news, Senior Officer Joseph Paul John Ladouceur purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was purchased at an average cost of C$11.41 per share, with a total value of C$34,233.00. In the last ninety days, insiders acquired 6,200 shares of company stock worth $69,129. 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.