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Investing.com - RBC Capital has raised its price target on Enerflex (NYSE:EFXT) to $15.00 from $13.00 while maintaining an Outperform rating on the stock. The company’s stock has demonstrated remarkable strength, delivering an 86% return over the past year and currently trading near its 52-week high of $11.27.
The firm cited Enerflex’s strong position to capitalize on natural gas demand growth and its improving free cash flow profile, which RBC believes should drive an inflection in shareholder returns.
RBC Capital noted that Enerflex shares remain attractively valued compared to peers, suggesting potential for share price appreciation as the valuation gap closes.
The investment bank expects continued operational performance and judicious capital allocation to help Enerflex achieve this valuation improvement over time.
Enerflex currently holds a position on RBC’s Global Energy Best Ideas list, highlighting the firm’s conviction in the stock’s potential.
In other recent news, Enerflex Ltd . has announced an extension of the maturity date for its syndicated secured revolving credit facility. The maturity date has been pushed to July 11, 2028, providing the company with a longer timeline to manage its financial commitments. This amended and restated credit agreement maintains the facility’s availability at $800 million, ensuring continued access to significant capital. As of March 31, 2025, Enerflex had drawn $117 million from this facility. This development is part of Enerflex’s ongoing financial strategy to manage its resources effectively. The extension reflects the company’s efforts to secure its financial position in the coming years. Investors may find this extension noteworthy as it highlights Enerflex’s approach to maintaining liquidity and financial flexibility.
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