Enerflex (TSE:EFX) Rating Increased to Outperform at National Bank Financial

Enerflex (TSE:EFX) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a C$18.00 price objective on the stock. National Bank Financial’s target price would indicate a potential upside of 51.13% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Raymond James reissued an “outperform” rating and set a C$21.00 price objective on shares of Enerflex in a report on Friday. CIBC cut their price objective on Enerflex from C$20.00 to C$18.00 in a report on Tuesday, October 15th. BMO Capital Markets cut their price objective on Enerflex from C$23.00 to C$18.00 in a report on Tuesday, September 10th. TD Securities raised Enerflex from a “hold” rating to a “buy” rating and cut their price objective for the company from C$19.00 to C$18.00 in a report on Wednesday, September 4th. Finally, Royal Bank of Canada cut their price objective on Enerflex from C$25.00 to C$23.00 and set an “outperform” rating for the company in a report on Monday, August 12th.

Shares of TSE EFX opened at C$11.91 on Friday. The stock has a market cap of $976.60 million and a PE ratio of 8.33. The business has a fifty day moving average of C$11.12 and a two-hundred day moving average of C$14.71. Enerflex has a 52-week low of C$10.05 and a 52-week high of C$20.38. The company has a debt-to-equity ratio of 31.68, a quick ratio of 1.17 and a current ratio of 1.63.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.28 by C$0.17. The company had revenue of C$541.87 million for the quarter, compared to the consensus estimate of C$538.60 million. Analysts predict that Enerflex will post 1.41 earnings per share for the current year.

In other Enerflex news, Director Michael Weill purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of C$13.65 per share, with a total value of C$27,300.00. Following the completion of the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately C$54,600. Also, Senior Officer Marc Edward Rossiter purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of C$12.46 per share, with a total value of C$249,240.00. Following the completion of the acquisition, the insider now directly owns 50,000 shares of the company’s stock, valued at C$623,100. Insiders purchased 22,340 shares of company stock valued at $280,664 over the last ninety days.

Enerflex Company Profile

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.

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