Enerflex (TSE:EFX) Price Target Raised to C$17.75

Enerflex (TSE:EFX) had its target price hoisted by stock analysts at Raymond James from C$17.00 to C$17.75 in a report released on Friday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 56.25% from the company’s previous close.

A number of other equities research analysts also recently issued reports on EFX. Acumen Capital boosted their price target on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. ATB Capital lifted their price target on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. BMO Capital Markets raised their price objective on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. National Bankshares increased their target price on Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Finally, TD Securities lifted their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and a consensus price target of C$13.97.

Enerflex Stock Up 0.2 %

Enerflex stock traded up C$0.02 during trading hours on Friday, hitting C$11.36. The stock had a trading volume of 227,668 shares, compared to its average volume of 506,554. The stock’s 50-day moving average price is C$13.88 and its 200-day moving average price is C$11.09. Enerflex has a 12-month low of C$6.30 and a 12-month high of C$15.22. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The stock has a market capitalization of C$1.41 billion, a P/E ratio of -12.34 and a beta of 1.71.

Insiders Place Their Bets

In other news, Director Joanne Linette Cox acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of C$13.65 per share, for a total transaction of C$34,115.00. Corporate 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.