Enerflex Ltd. (NYSE:EFXT - Get Free Report) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.026 per share on Monday, March 24th. This represents a $0.10 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, March 10th.
Enerflex has increased its dividend by an average of 9.8% per year over the last three years. Enerflex has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerflex to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 12.3%.
Enerflex Stock Performance
EFXT traded down $0.29 during trading on Tuesday, hitting $7.28. The stock had a trading volume of 1,249,269 shares, compared to its average volume of 425,770. The company has a 50 day moving average price of $9.60 and a 200-day moving average price of $8.00. The firm has a market cap of $903.14 million, a price-to-earnings ratio of -11.55 and a beta of 2.01. Enerflex has a one year low of $4.59 and a one year high of $10.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88.
Analyst Ratings Changes
Separately, Royal Bank of Canada boosted their price target on Enerflex from $9.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, November 15th.
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About Enerflex
(
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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.
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