Enerflex Ltd. (EFXT) to Distribute Quarterly Dividend of C$0.04 on November 25th

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Thursday, November 12th will be paid a dividend of C$0.04 per share on Wednesday, November 25th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 12th. This is a 17.6% decrease from Enerflex’s previous quarterly dividend of C$0.04.

Enerflex has a dividend payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enerflex to earn $1.94 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 5.2%.

Enerflex Price Performance

Shares of EFXT stock opened at $20.28 on Tuesday. Enerflex has a twelve month low of $12.57 and a twelve month high of $29.15. The company has a current ratio of 1.23, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $23.10 and a two-hundred day simple moving average of $22.68. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 16.36 and a beta of 1.79.

Enerflex (NYSE:EFXT) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.12. Enerflex had a return on equity of 13.15% and a net margin of 2.94%. The firm had revenue of $623.00 million during the quarter, compared to the consensus estimate of $632.70 million. On average, analysts predict that Enerflex will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

EFXT has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce set a $35.00 target price on Enerflex and gave the stock an “outperform” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded Enerflex from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. TD Securities lowered Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Royal Bank Of Canada decreased their price objective on Enerflex from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Enerflex Company Profile

Enerflex Ltd. provides equipment, services and integrated solutions for natural gas infrastructure and energy projects. Its offerings include gas compression, processing and refrigeration systems, as well as power generation equipment.

The company supports projects from engineering and equipment manufacturing through construction, installation and commissioning. It also provides aftermarket services, including operations, maintenance and parts support.

Headquartered in Calgary, Alberta, Enerflex serves customers across North America, Latin America and international markets.