Enerflex Ltd. (EFXT) To Go Ex-Dividend on August 19th

Enerflex Ltd. (NYSE:EFXT) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.0425 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th.

Enerflex has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Enerflex to earn $1.87 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 6.4%.

Enerflex Stock Down 0.2%

Shares of EFXT opened at $22.41 on Monday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 52.12 and a beta of 1.86. Enerflex has a 52 week low of $9.35 and a 52 week high of $29.15. The stock’s 50-day moving average price is $23.25 and its 200-day moving average price is $22.81. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. On average, sell-side analysts predict that Enerflex will post 1.34 EPS for the current year.

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.