RBC Capital Sticks to Their Buy Rating for Enerflex (EFX)

In a report released on December 2, Keith Mackey from RBC Capital maintained a Buy rating on Enerflex, with a price target of $17.00. The company’s shares closed yesterday at C$19.01.

TipRanks Cyber Monday Sale

• Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
• Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

According to TipRanks, Mackey is a 5-star analyst with an average return of 19.4% and a 61.41% success rate. Mackey covers the Energy sector, focusing on stocks such as Enerflex, Pason Systems, and Nabors Industries.

Enerflex has an analyst consensus of Moderate Buy, with a price target consensus of C$22.11, implying a 16.31% upside from current levels. In a report released on November 27, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$22.50 price target.

Based on Enerflex’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$1.08 billion and a net profit of C$51.48 million. In comparison, last year the company earned a revenue of C$152.48 million and had a net profit of C$30 million

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EFX in relation to earlier this year.