The Globe and Mail reports in its Wednesday, April 26, edition that BMO Nesbitt Burns analyst John Gibson, ahead of the first quarter reporting season, says, "We are updating estimates and target prices for our Canadian energy services coverage group." The Globe's David Leeder writes in the Eye On Equities column that Mr. Gibson has reaffirmed his "outperform" recommendation for Enerflex, while trimming his share target by a loonie to $12. Analysts on average target the shares at $14.18. Mr. Gibson says in a note: "While North American activity levels remain solid, they did moderate somewhat in the U.S. during the quarter. Commodity price weakness early in Q1 was the main driver of U.S. weakness, although the recent OPEC+ news (and corresponding lift in WTI prices) should help stabilize activity levels in H2/23. Canadian activity levels were very strong to start 2023, while visibility is improving into next year as incremental LNG-related drilling/completions activity ramps. As such, we feel investors should be positioning in the Canadian market." The Globe reported on March 9 that ATB Capital analyst Tim Monachello hiked Enerflex to "outperform" from "sector perform." It was then worth $9.11.