Enerflex (OTCMKTS:ENRFF) Trading Down 6% – Here’s Why

Enerflex Ltd. (OTCMKTS:ENRFF) was down 6% on Friday . The stock traded as low as $19.88 and last traded at $20.68. Approximately 1,154,203 shares were traded during trading, an increase of 24,872% from the average session volume of 4,622 shares. The stock had previously closed at $21.99.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Enerflex in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Enerflex Price Performance

The business has a 50-day moving average of $23.79 and a 200 day moving average of $22.53.

About Enerflex

Founded in 1987 and headquartered in Calgary, Alberta, Enerflex Ltd is a global provider of integrated solutions, equipment and aftermarket services to the energy infrastructure markets for natural gas, oil and power. Its product portfolio includes compression systems, oil and gas treatment facilities, refrigeration and vaporization units, and power generation equipment. The company also offers modular process skids and distributed power solutions that can be configured to meet specific operational requirements.

In addition to equipment supply, Enerflex delivers lifecycle support through parts, maintenance and field services designed to optimize asset performance and reliability.