Enerflex Ltd. (NYSE:EFXT) Shareholders to Collect C$0.04 Quarterly Dividend

Enerflex Ltd. (NYSE:EFXT) declared a quarterly dividend on Wednesday, October 28th. Stockholders 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 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend 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% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of EFXT opened at $24.26 on Friday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 56.41 and a beta of 1.80. Enerflex has a twelve month low of $12.46 and a twelve month high of $29.15. The firm’s fifty day simple moving average is $22.95 and its 200-day simple moving average is $22.50. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. The business had revenue of $623.00 million during the quarter, compared to the consensus estimate of $632.70 million. Equities analysts forecast that Enerflex will post 1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerflex

A number of hedge funds have recently added to or reduced their stakes in EFXT. Financial Management Professionals Inc. purchased a new stake in Enerflex during the second quarter valued at about $30,000. Integrated Wealth Concepts LLC purchased a new position in Enerflex during the 2nd quarter valued at about $79,000. Deutsche Bank AG bought a new stake in shares of Enerflex in the 2nd quarter worth $158,000. Wellington Altus USA Inc. purchased a new position in shares of Enerflex during the 2nd quarter worth $185,000. Finally, Independent Financial Group LLC purchased a new position in shares of Enerflex in the first quarter valued at about $221,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Company Profile

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.