Today, an analyst has provided a rating update for Enerflex (EFX – Research Report). The NA company, Enerflex (TSX: EFX) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Pereira is a 5-star analyst with an average return of 15.8% and a 58.8% success rate. Pereira covers the NA sector, focusing on stocks such as CES Energy Solutions, Trican Well Service, and Precision Drilling.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enerflex with a C$9.90 average price target.
Based on Enerflex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$777 million and GAAP net loss of C$2.82 million. In comparison, last year the company earned revenue of C$372 million and had a net profit of C$11.48 million.
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’s compression packages are engineered for onshore installations, but the company has adapted to supply offshore specifications also.
The company’s shares closed last Thursday at C$6.33, close to its 52-week low of C$5.44.
Read More on TSE:EFX:
- Enerflex Ltd. Reports Third Quarter 2023 Financial and Operational Results
- Enerflex price target lowered to C$8.50 from C$11.25 at CIBC
- Enerflex appoints Dhindsa as Interim CFO
- Enerflex Ltd. Appoints Preet Dhindsa as Interim Chief Financial Officer
- Enerflex price target lowered to C$6 from C$10 at BMO Capital
