14:03:32 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Enerflex Ltd
Symbol EFX
Shares Issued 123,884,579
Close 2023-10-13 C$ 5.83
Market Cap C$ 722,247,096
Recent Sedar Documents

Globe says Payne keeps Enerflex at "sector perform"

2023-10-13 07:56 ET - In the News

The Globe and Mail reports in its Friday edition that National Bank analyst Dan Payne thinks the macro backdrop for oil field services providers "firmed up" in the third quarter with "the broader economy continuing to positively navigate the persistent challenges and stress of interest rates and recessionary risks, and commodity prices inclined." The Globe's David Leeder writes that accordingly, Mr. Payne boosted his share target for Enerflex by $4 to $14. Analysts on average target the shares at $12.47. He rates the shares "sector perform." Mr. Payne says in a note: "Undoubtedly the most highly anticipated quarter to come, Enerflex should report Q3/23 on November 8 after market, with a view of re-establishing sentiment around the stability of its financial results. Recall, its CFO (Rod Gray) recently resigned at quarter-end after a 90-day tenure, for reasons of 'fit.' That event, on the back of inconsistent financial results and guidance over recent quarters, conspired against the markets comfort and confidence, with the stock trading off materially. Since then, while guidance has not been formally reiterated, management has made public statements in support of the state of its business and value prospects."

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