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CIBC Reaffirms Their Hold Rating on Enerflex (EFX)

Tipranks - Tipranks - Sat May 30, 10:36AM CDT

CIBC analyst Jamie Kubik maintained a Hold rating on Enerflex today and set a price target of $28.00.

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Kubik covers the Energy sector, focusing on stocks such as Enerflex, Precision Drilling, and Paramount Resources. According to TipRanks, Kubik has an average return of 15.6% and a 56.10% success rate on recommended stocks.

Currently, the analyst consensus on Enerflex is a Strong Buy with an average price target of $30.49.

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Based on Enerflex’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$574.43 million and a net profit of C$42.3 million. In comparison, last year the company earned a revenue of C$552 million and had a net profit of C$24 million

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock.

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