Enerflex (NYSE:EFXT) Given New $9.25 Price Target at CIBC

Enerflex (NYSE:EFXT) had its target price decreased by research analysts at CIBC from $10.00 to $9.25 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 35.63% from the company’s current price.

Separately, Royal Bank of Canada cut their target price on Enerflex from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th.

Enerflex Stock Up 0.4 %

Shares of NYSE EFXT opened at $6.82 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. Enerflex has a 52 week low of $4.60 and a 52 week high of $10.61. The stock has a market capitalization of $846.70 million, a P/E ratio of -10.83 and a beta of 2.02. The stock’s fifty day moving average is $7.03 and its 200 day moving average is $8.34.

Enerflex (NYSE:EFXT) last released its earnings results on Thursday, May 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $552.00 million for the quarter, compared to analyst estimates of $583.59 million. Enerflex had a negative net margin of 3.15% and a negative return on equity of 1.25%. Sell-side analysts forecast that Enerflex will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enerflex

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. bought a new position in shares of Enerflex in the 3rd quarter valued at $65,000. Lazard Asset Management LLC bought a new position in Enerflex in the fourth quarter valued at about $82,000. Quantbot Technologies LP acquired a new stake in shares of Enerflex during the fourth quarter valued at about $127,000. Bank of New York Mellon Corp bought a new stake in shares of Enerflex during the first quarter worth about $130,000. Finally, Barclays PLC increased its stake in shares of Enerflex by 2,616,800.0% in the third quarter. Barclays PLC now owns 26,169 shares of the company’s stock valued at $156,000 after buying an additional 26,168 shares during the period. Institutional investors own 46.47% 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.