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

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

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

Enerflex Stock Up 6.5 %

EFXT stock traded up $0.31 during mid-day trading on Thursday, reaching $5.09. 199,481 shares of the company traded hands, compared to its average volume of 220,709. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The firm's 50 day moving average price is $5.94 and its 200 day moving average price is $5.10. The stock has a market cap of $631.11 million, a price-to-earnings ratio of -7.71 and a beta of 2.20. Enerflex has a fifty-two week low of $3.94 and a fifty-two week high of $8.36.

Enerflex (NYSE:EFXT - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.16). The company 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%. As a group, equities research analysts predict that Enerflex will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised shares of Enerflex from a "market perform" rating to an "outperform" rating in a 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.