Enerflex Ltd. (NYSE:EFXT) to Issue $0.02 Quarterly Dividend

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Thursday, May 23rd will be paid a dividend of 0.018 per share on Thursday, July 11th. This represents a $0.07 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, May 22nd.

Enerflex has decreased its dividend payment by an average of 17.0% annually over the last three years.

Enerflex Stock Performance

Shares of EFXT stock traded up $0.31 during mid-day trading on Thursday, hitting $5.09. The stock had a trading volume of 199,482 shares, compared to its average volume of 220,709. The firm has a market cap of $631.11 million, a PE ratio of -7.71 and a beta of 2.20. The company’s 50-day simple moving average is $5.96 and its 200-day simple moving average is $5.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.91. Enerflex has a fifty-two week low of $3.94 and a fifty-two week high of $8.36.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). The business had revenue of $574.61 million during the quarter, compared to analysts’ expectations of $583.70 million. Enerflex had a negative net margin of 3.47% and a positive return on equity of 0.11%. Sell-side analysts anticipate that Enerflex will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised Enerflex from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th.

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.