ATB Capital Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its target price increased by research analysts at ATB Capital from C$12.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. ATB Capital’s price objective points to a potential upside of 27.66% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets boosted their price objective on Enerflex from C$11.00 to C$15.00 in a research note on Friday. TD Securities lifted their target price on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James upped their price target on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$12.34.

Enerflex Trading Up 4.3 %

TSE:EFX opened at C$11.75 on Friday. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71. Enerflex has a 52 week low of C$5.45 and a 52 week high of C$11.92. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The firm has a 50-day moving average price of C$8.77 and a two-hundred day moving average price of C$7.87.

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.