Enerflex Price Target Up to $28 as Q1 Revenue Reaches $584M
CIBC raised Enerflex’s price target from $25.00 to $28.00 after the company delivered strong Q1 results. Enerflex reported $584 million in revenue, $137 million in adjusted EBITDA, a record 17.3% ROCE, a $1.3 billion backlog and a 0.9x net debt-to-EBITDA ratio.
1. Analyst Price Target Increase
CIBC increased Enerflex’s price target to $28.00 from $25.00, reflecting confidence in the company’s recent performance and growth prospects in natural gas compression and processing equipment.
2. Q1 Financial Performance
Enerflex generated $584 million in revenue for Q1 2026, up from $552 million a year earlier, and achieved $137 million in adjusted EBITDA. The company also recorded a record Return on Capital Employed of 17.3%, underscoring improved operational efficiency.
3. Backlog and Balance Sheet Strength
Enerflex entered the quarter with a combined backlog of $1.3 billion across key segments and maintained a bank-adjusted net debt-to-EBITDA ratio of 0.9x, highlighting disciplined debt management and strong financial flexibility.