Enerflex Ltd. (EFXT) To Go Ex-Dividend on May 20th

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.0425 per share on Wednesday, June 3rd. This represents a c) annualized dividend 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. Research analysts expect Enerflex to earn $2.22 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 Enerflex stock opened at $27.82 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 41.52 and a beta of 1.93. The stock’s 50-day moving average is $23.14 and its 200-day moving average is $18.52. Enerflex has a one year low of $6.74 and a one year high of $29.15.

Enerflex (NYSE:EFXT) last announced its 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 return on equity of 14.53% and a net margin of 3.19%.The business had revenue of $584.00 million for the quarter, compared to analyst estimates of $607.26 million. Equities analysts predict that Enerflex will post 1.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

EFXT has been the topic of a number of research reports. TD Securities reissued a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $28.00 price target on shares of Enerflex in a research note on Friday, May 8th. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

About Enerflex

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.