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

Key Points

• Enerflex declared a quarterly dividend of C$0.04 per share, payable November 25 to shareholders of record November 12. The annualized dividend is approximately C$0.14, yielding 0.6%.
• Enerflex reported quarterly EPS of $0.45, beating analysts’ $0.31 estimate, while revenue of $623 million fell slightly short of expectations.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $38.67, well above the reported share price of $24.26.

Enerflex Ltd. (NYSE:EFXT - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, November 12th will be given a dividend of C$0.04 per share on Wednesday, November 25th. This represents a $0.14 dividend on an annualized basis and a yield of 0.6%. 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 payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerflex to earn $1.80 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 6.7%.

Enerflex Price Performance

NYSE:EFXT opened at $24.26 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. The company's 50-day moving average price is $22.95 and its two-hundred day moving average price is $22.50. The firm has a market cap of $2.96 billion, a PE ratio of 56.41 and a beta of 1.80. Enerflex has a 12 month low of $12.46 and a 12 month high of $29.15.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.14. The company had revenue of $623.00 million during the quarter, compared to analysts' expectations of $632.70 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. On average, equities analysts anticipate that Enerflex will post 1.32 EPS for the current fiscal year.

Analysts Set New Price Targets

EFXT has been the subject of several recent research reports. Royal Bank Of Canada boosted their price objective on Enerflex from $33.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, October 14th. Acumen Capital upgraded Enerflex to a "strong-buy" rating in a research note on Friday, October 2nd. Wall Street Zen lowered shares of Enerflex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. BMO Capital Markets reiterated an "outperform" rating on shares of Enerflex in a report on Friday, October 16th. Finally, Weiss Ratings raised shares of Enerflex from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.67.

About Enerflex

Enerflex Ltd. NYSE: EFXT is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.

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