Enerflex Ltd. (NYSE:EFXT) Plans Quarterly Dividend of $0.02

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.018 per share on Wednesday, October 2nd. This represents a $0.07 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 22nd.

Enerflex has decreased its dividend payment by an average of 17.0% annually over the last three years. Enerflex has a payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerflex to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.07 annual dividend with an expected future payout ratio of 10.0%.

Enerflex Stock Performance

Shares of NYSE:EFXT traded up $0.13 on Friday, hitting $5.76. 41,185 shares of the company were exchanged, compared to its average volume of 187,367. The company’s 50 day moving average price is $5.26 and its two-hundred day moving average price is $5.47. The firm has a market capitalization of $714.50 million, a price-to-earnings ratio of -6.33 and a beta of 2.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.16. Enerflex has a one year low of $3.94 and a one year high of $7.75.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.25). Enerflex had a negative net margin of 4.61% and a negative return on equity of 2.47%. The firm had revenue of $638.00 million for the quarter, compared to the consensus estimate of $574.35 million. Research analysts expect that Enerflex will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EFXT shares. National Bank Financial cut Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Sunday, June 2nd. Acumen Capital raised shares of Enerflex to a “strong-buy” rating in a report on Saturday, June 1st.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.