RBC Capital Remains a Buy on Enerflex (EFX)

In a report released yesterday, Keith Mackey from RBC Capital maintained a Buy rating on Enerflex. The company’s shares closed yesterday at C$16.07.

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Mackey covers the Energy sector, focusing on stocks such as Nabors Industries, Patterson-UTI, and Enerflex. According to TipRanks, Mackey has an average return of 19.3% and a 62.14% success rate on recommended stocks.

Enerflex has an analyst consensus of Strong Buy, with a price target consensus of C$18.54.

Based on Enerflex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$615 million and a net profit of C$60 million. In comparison, last year the company earned a revenue of C$840.12 million and had a net profit of C$6.84 million

Based on the recent corporate insider activity of 26 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.