ATB Cormark Capital Markets Sticks to Their Buy Rating for Enerflex (EFX)

In a report released on March 6, Tim Monachello from ATB Cormark Capital Markets maintained a Buy rating on Enerflex, with a price target of C$39.00. The company’s shares closed last Friday at C$29.43.

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According to TipRanks, Monachello is an analyst with an average return of -34.2% and a 9.38% success rate. Monachello covers the Energy sector, focusing on stocks such as Precision Drilling, Enerflex, and North American Construction Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enerflex with a C$33.24 average price target, a 12.95% upside from current levels. In a report released on February 27, TD Cowen also maintained a Buy rating on the stock with a C$39.00 price target.

Based on Enerflex’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.34 billion and a GAAP net loss of C$46.06 million. In comparison, last year the company earned a revenue of C$561 million and had a net profit of C$15 million

Based on the recent corporate insider activity of 23 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.