Enerflex (TSE:EFX) Given Outperform Rating at Raymond James

Raymond James reaffirmed their outperform rating on shares of Enerflex (TSE:EFX) in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a C$22.50 target price on the stock.

Other equities analysts also recently issued reports about the stock. TD Securities lowered their target price on shares of Enerflex from C$25.00 to C$24.00 and set a buy rating on the stock in a research report on Monday, May 6th. Royal Bank of Canada reissued an outperform rating and set a C$25.00 target price on shares of Enerflex in a research report on Wednesday, July 3rd. CIBC lowered their target price on shares of Enerflex from C$23.50 to C$22.00 in a research report on Wednesday, May 29th. Finally, National Bank Financial lowered their target price on shares of Enerflex from C$20.50 to C$20.00 and set a sector perform rating on the stock in a research report on Friday.

Enerflex stock traded up C$0.60 during mid-day trading on Friday, hitting C$16.00. 258,800 shares of the company’s stock were exchanged, compared to its average volume of 183,409. The company has a debt-to-equity ratio of 30.15, a quick ratio of 1.18 and a current ratio of 1.54. The firm has a market capitalization of $1.43 billion and a PE ratio of 13.28. Enerflex has a 1-year low of C$14.95 and a 1-year high of C$20.38. The business has a 50 day moving average price of C$16.69.

In other Enerflex news, Director John Blair Goertzen sold 43,700 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$17.50, for a total transaction of C$764,750.00. Following the transaction, the director now directly owns 37,311 shares of the company’s stock, valued at C$652,942.50.

About Enerflex

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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