Enerflex Ltd. (EFXT) to Distribute Quarterly Dividend of C$0.04 on September 2nd

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.0425 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th.

Enerflex has a payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Enerflex to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.4%.

Enerflex Stock Performance

Shares of EFXT stock opened at $20.00 on Friday. Enerflex has a 12-month low of $8.81 and a 12-month high of $29.15. The business’s fifty day simple moving average is $23.68 and its 200-day simple moving average is $22.60. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.44 billion, a PE ratio of 46.50 and a beta of 1.86.

Enerflex (NYSE:EFXT) last announced its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. Enerflex had a return on equity of 11.86% and a net margin of 2.06%. Analysts expect that Enerflex will post 1.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on EFXT shares. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Raymond James Financial upped their target price on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $30.00 target price on shares of Enerflex in a research note on Friday, July 10th. Zacks Research cut Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen downgraded Enerflex from a “buy” rating to a “hold” rating in a research note on Saturday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.