Enerflex Ltd. to Issue Quarterly Dividend of C$0.04 (NYSE:EFXT)

Enerflex Ltd. (NYSE:EFXT) declared 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 0.8%. The ex-dividend date is Wednesday, August 19th.

Enerflex has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 traded down $1.35 during trading hours on Thursday, hitting $20.64. 1,154,197 shares of the company were exchanged, compared to its average volume of 574,863. The firm has a fifty day simple moving average of $23.86 and a 200 day simple moving average of $22.59. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. Enerflex has a 52-week low of $8.68 and a 52-week high of $29.15. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 30.81 and a beta of 1.86.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). Enerflex had a return on equity of 14.53% and a net margin of 3.19%. Research analysts predict that Enerflex will post 1.63 earnings per share for the current fiscal year.

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.