Enerflex Ltd. (NYSE:EFXT) to Issue 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 given 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% per year over the last three years. Enerflex has a dividend 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 Price Performance

Shares of NYSE:EFXT traded up $0.13 on Friday, reaching $5.76. 41,185 shares of the company were exchanged, compared to its average volume of 187,367. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. Enerflex has a 1-year low of $3.94 and a 1-year high of $7.75. The company has a 50-day moving average of $5.26 and a 200-day moving average of $5.47. The firm has a market cap of $714.50 million, a price-to-earnings ratio of -6.33 and a beta of 2.01.

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

Analyst Ratings Changes

A number of analysts have commented on the company. Acumen Capital upgraded Enerflex to a “strong-buy” rating in a research report on Saturday, June 1st. National Bank Financial lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Sunday, June 2nd.

About Enerflex

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.