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

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Wednesday, March 11th will be paid a dividend of 0.0425 per share on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 11th.

Enerflex has a payout ratio of 17.6% meaning 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 $0.12 annual dividend with an expected future payout ratio of 14.8%.

Enerflex Stock Performance

Enerflex stock traded up $3.24 during trading hours on Thursday, reaching $23.10. 472,828 shares of the stock were exchanged, compared to its average volume of 453,618. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 1.24. The stock has a market cap of $2.81 billion, a P/E ratio of 21.11 and a beta of 1.95. Enerflex has a 52-week low of $6.18 and a 52-week high of $23.41. The firm’s 50 day moving average is $16.96 and its 200 day moving average is $13.66.

Analysts Set New Price Targets

EFXT has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Enerflex in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Zacks Research lowered Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Raymond James Financial cut Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.63.

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.