Enerflex Ltd. (NYSE:EFXT) Increases Dividend to C$0.04 Per Share

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Thursday, November 6th. Investors of record on Monday, November 17th will be given a dividend of 0.0425 per share on Monday, December 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 17th. This is a 13.3% increase from Enerflex’s previous quarterly dividend of $0.04.

Enerflex has a dividend payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enerflex to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 12.3%.

Enerflex Stock Performance

EFXT traded up $0.75 during trading hours on Thursday, hitting $13.40. The company’s stock had a trading volume of 912,347 shares, compared to its average volume of 411,235. Enerflex has a fifty-two week low of $6.18 and a fifty-two week high of $13.75. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.64 billion, a PE ratio of 12.88 and a beta of 2.03. The company has a 50-day simple moving average of $11.14 and a 200 day simple moving average of $8.98.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The business had revenue of $777.00 million during the quarter, compared to analyst estimates of $682.88 million. As a group, sell-side analysts expect that Enerflex will post 0.25 EPS for the current year.

Institutional Investors Weigh In On Enerflex

Large investors have recently modified their holdings of the stock. D Orazio & Associates Inc. bought a new stake in shares of Enerflex during the 2nd quarter worth $80,000. Vise Technologies Inc. bought a new stake in shares of Enerflex during the 2nd quarter worth $85,000. Kathmere Capital Management LLC bought a new stake in shares of Enerflex during the 3rd quarter worth $152,000. Baron Wealth Management LLC boosted its stake in shares of Enerflex by 31.7% during the 2nd quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock worth $120,000 after acquiring an additional 3,666 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Enerflex during the 1st quarter worth $130,000. 46.47% of the stock is owned by institutional investors.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.