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

Key Points

• Dividend declared: Enerflex announced a quarterly dividend of C$0.0425 per share, with a record date of May 20 and payable on June 3, implying a dividend yield of about 0.6%.
• Recent results and stock move: The company beat quarterly EPS estimates ($0.35 vs. $0.27), and the stock traded up to $28.38 amid a market cap of ~$3.46 billion and a P/E of 55.6.
• Balance sheet and analyst view: Enerflex’s payout ratio is low (17.6%), suggesting earnings cover the dividend, while analysts hold a consensus "Moderate Buy" rating with an average price target of $25.75 and mixed recent rating changes.

Enerflex Ltd. (NYSE:EFXT - Get Free Report) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Wednesday, May 20th will be given a dividend of 0.0425 per share on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 20th.

Enerflex has a payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Enerflex to earn $1.91 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 6.3%.

Enerflex Price Performance

Shares of EFXT stock traded up $1.33 during trading hours on Thursday, hitting $28.38. 947,871 shares of the company's stock were exchanged, compared to its average volume of 604,667. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3.46 billion, a P/E ratio of 55.64 and a beta of 1.93. The firm has a 50 day moving average of $22.37 and a two-hundred day moving average of $17.75. Enerflex has a fifty-two week low of $6.46 and a fifty-two week high of $28.53.

Enerflex (NYSE:EFXT - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. Enerflex had a net margin of 2.49% and a return on equity of 13.03%. Sell-side analysts forecast that Enerflex will post 1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EFXT. Wall Street Zen downgraded shares of Enerflex from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Raymond James Financial downgraded shares of Enerflex from a "strong-buy" rating to an "outperform" rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada raised their price target on shares of Enerflex from $20.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, April 14th. National Bank Financial upgraded Enerflex from a "sector perform" rating to an "outperform" rating in a research note on Thursday. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Enerflex in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.75.

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.

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