Enerflex Ltd. (EFXT) To Go Ex-Dividend on May 22nd

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, May 22nd.

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

Enerflex Trading Up 6.5 %

Shares of NYSE EFXT traded up $0.31 during midday trading on Thursday, reaching $5.09. 199,482 shares of the stock were exchanged, compared to its average volume of 220,709. The company has a 50 day simple moving average of $5.96 and a 200 day simple moving average of $5.10. The stock has a market capitalization of $631.11 million, a P/E ratio of -7.71 and a beta of 2.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 1.25. Enerflex has a twelve month low of $3.94 and a twelve month high of $8.36.

Enerflex (NYSE:EFXT) last posted its earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.16). The company had revenue of $574.61 million during the quarter, compared to analyst estimates of $583.70 million. Enerflex had a negative net margin of 3.47% and a positive return on equity of 0.11%. As a group, equities analysts expect that Enerflex will post 0.47 earnings per share for the current year.

Analyst Ratings Changes

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

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.