Could Enerflex Ltd Change Direction After Today’s Huge Increase?

 Could Enerflex Ltd Change Direction After Today's Huge Increase?

The stock of Enerflex Ltd (TSE:EFX) is a huge mover today! About 240,344 shares traded hands or 15.95% up from the average. Enerflex Ltd (TSE:EFX) has risen 36.38% since April 21, 2016 and is uptrending. It has outperformed by 30.97% the S&P500.
The move comes after 8 months positive chart setup for the $1.47B company. It was reported on Nov, 25 by We have $18.00 PT which if reached, will make TSE:EFX worth $102.90M more.

Enerflex Ltd (TSE:EFX) Ratings Coverage

Out of 5 analysts covering Enerflex (TSE:EFX), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $23 is the highest target while $13 is the lowest. The $17.16 average target is 2.02% above today’s ($16.82) stock price. Enerflex has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by TD Securities given on Monday, September 19. Raymond James upgraded Enerflex Ltd (TSE:EFX) on Tuesday, August 11 to “Market Perform” rating. Scotia Capital downgraded Enerflex Ltd (TSE:EFX) on Friday, August 7 to “Sector Perform” rating. The stock of Enerflex Ltd (TSE:EFX) earned “Outperform” rating by Scotia Capital on Friday, August 7. TD Securities maintained it with “Buy” rating and $17 target price in Friday, August 7 report. IBC upgraded it to “Sector Outperformer” rating and $16.50 target price in Wednesday, September 23 report. On Monday, August 10 the stock rating was maintained by BMO Capital Markets with “Outperform”.

More recent Enerflex Ltd (TSE:EFX) news were published by: which released: “Enerflex Ltd. Announces $100 Million Bought Deal Financing” on August 16, 2016. Also published the news titled: “Enerflex Ltd. Announces Closing of Bought Deal Financing Including Exercise in …” on September 07, 2016.‘s news article titled: “Enerflex Ltd. not a risk-free environment” with publication date: August 12, 2015 was also an interesting one.

Enerflex Ltd. is a Canada-based supplier of natural gas compression, gas and oil processing, refrigeration systems and electric power equipment. The company has a market cap of $1.47 billion. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. It currently has negative earnings. The Firm operates through three divisions: Canada, USA and Rest of World.

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