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

BMO Capital analyst John Gibson CFA maintained a Buy rating on Enerflex yesterday and set a price target of C$35.00. The company’s shares closed yesterday at C$27.06.

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According to TipRanks, Gibson CFA is a 5-star analyst with an average return of 26.6% and a 68.28% success rate. Gibson CFA covers the Energy sector, focusing on stocks such as North American Construction Group, Precision Drilling, and STEP Energy Services.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enerflex with a C$28.47 average 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 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EFX in relation to earlier this year.