Enerflex (TSE:EFX) Downgraded by Raymond James Financial to Outperform

Enerflex (TSE:EFX) was downgraded by equities research analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a C$26.00 price target on the stock. Raymond James Financial’s price target would indicate a potential upside of 9.98% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. TD Securities lifted their price target on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, November 7th. National Bankshares boosted their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. CIBC upped their target price on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Royal Bank Of Canada upped their target price on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, ATB Capital set a C$26.00 price objective on Enerflex and gave the stock an “outperform” rating in a research report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$21.47.

Enerflex Trading Down 11.4%

Shares of Enerflex stock traded down C$3.03 during trading hours on Wednesday, hitting C$23.64. The company’s stock had a trading volume of 822,046 shares, compared to its average volume of 578,403. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The firm has a fifty day moving average of C$21.61 and a 200-day moving average of C$17.33. Enerflex has a twelve month low of C$8.74 and a twelve month high of C$26.81. The stock has a market cap of C$2.88 billion, a price-to-earnings ratio of 21.49 and a beta of 2.41.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.30 EPS for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%.The business had revenue of C$1.08 billion during the quarter. Research analysts forecast that Enerflex will post 0.734413 EPS for the current year.

Insider Activity

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were purchased at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the transaction, the insider directly owned 36,500 shares in the company, valued at approximately C$500,050. This trade represents a 100.00% increase in their position. In the last ninety days, insiders have bought 19,302 shares of company stock worth $271,627. Company insiders own 0.49% of the company’s stock.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.