Enerflex Ltd. (NYSE:EFXT) Declares C$0.04 Quarterly Dividend

Enerflex Ltd. (NYSE:EFXT) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.0425 per share on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, May 20th.

Enerflex has a dividend payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerflex to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 6.3%.

Enerflex Trading Up 4.9%

NYSE:EFXT traded up $1.33 during trading hours on Thursday, hitting $28.38. The company had a trading volume of 947,871 shares, compared to its average volume of 604,667. Enerflex has a 1 year low of $6.46 and a 1 year high of $28.53. The company has a market cap of $3.46 billion, a P/E ratio of 55.64 and a beta of 1.93. The company has a 50-day moving average of $22.37 and a 200 day moving average of $17.75. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. Enerflex had a return on equity of 13.03% and a net margin of 2.49%. Sell-side analysts expect that Enerflex will post 1.45 earnings per share for the current year.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.