Enerflex Ltd. (NYSE:EFXT – Get Free Report) announced 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) annualized dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enerflex to earn $2.21 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 Price Performance
Shares of EFXT traded down $1.35 during trading hours on Thursday, reaching $20.64. 1,154,197 shares of the company’s stock traded hands, compared to its average volume of 574,863. Enerflex has a 12 month low of $8.68 and a 12 month high of $29.15. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.52 billion, a PE ratio of 30.81 and a beta of 1.86. The firm’s 50 day simple moving average is $23.86 and its 200-day simple moving average is $22.59.
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.
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