06:00:04 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Enerflex Ltd
Symbol EFX
Shares Issued 123,884,579
Close 2023-10-06 C$ 5.82
Market Cap C$ 721,008,250
Recent Sedar Documents

Globe says Enerflex maintained at "market perform"

2023-10-06 07:57 ET - In the News

The Globe and Mail reports in its Friday, Oct. 6, edition that BMO Capital analyst John Gibson has reiterated his "market perform" recommendation for Enerflex. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gibson slashed his share target by $4 to $6. Analysts on average target the shares at $12.47. Mr. Gibson made his share cut following the departure of chief financial officer Rod Gray. Mr. Gibson says in a note: "The company's shares are now down nearly 50 per cent since August, with investor confidence appearing to be shaken as it works through the integration of Exterran (acquired in 2022). While we continue to believe the combined Enerflex/Exterran business holds solid merits, near-term uncertainty causes us to decrease our target price." 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. The Globe reported on April 26 that BMO Nesbitt Burns analyst John Gibson had reaffirmed his "outperform" recommendation for Enerflex when it was worth $7.73. The Globe reported on July 7 that Mr. Monachello continued to rate Enerflex "outperform." The shares could then be had for $9.39.

© 2024 Canjex Publishing Ltd. All rights reserved.