National Bankshares Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its target price boosted by analysts at National Bankshares from C$11.00 to C$16.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 17.30% from the stock’s previous close.

EFX has been the subject of a number of other research reports. ATB Capital increased their price objective on shares of Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. TD Securities boosted their price objective on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, November 15th. Raymond James raised their target price on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Acumen Capital increased their price target on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Finally, BMO Capital Markets lifted their price objective on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.47.

Enerflex Stock Performance

EFX remained flat at C$13.64 on Thursday. 279,928 shares of the company traded hands, compared to its average volume of 313,261. The stock’s 50-day simple moving average is C$11.01 and its two-hundred day simple moving average is C$8.72. Enerflex has a 12-month low of C$5.78 and a 12-month high of C$14.13. 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 stock has a market cap of C$1.69 billion, a price-to-earnings ratio of -11.86 and a beta of 1.71.

Insider Activity

In other Enerflex news, Director Joanne Linette Cox bought 2,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of C$13.65 per share, with a total value of C$34,115.00. Company insiders own 0.49% of the company’s stock.

Enerflex Company Profile

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.