Enerflex (EFX – Research Report) has received a rating update from a Wall Street analyst today. The NA company, Enerflex (TSX: EFX) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Payne is a top 25 analyst with an average return of 52.3% and a 68.6% success rate. Payne covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and Headwater Exploration.
Currently, the analyst consensus on Enerflex is a Moderate Buy with an average price target of C$9.50, representing a 58.1% upside. In a report issued on November 8, BMO Capital also maintained a Hold rating on the stock with a C$6.00 price target.
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 Tuesday at C$5.76, close to its 52-week low of C$5.44.
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