Enerflex Ltd. (EFXT) To Go Ex-Dividend on May 20th

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Wednesday, May 20th will be paid a dividend of 0.0425 per share on Wednesday, June 3rd. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 20th.

Enerflex has a payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 4.0%

EFXT traded down $1.12 during trading on Friday, reaching $27.27. The company had a trading volume of 347,842 shares, compared to its average volume of 601,420. The firm’s 50-day simple moving average is $22.54 and its 200 day simple moving average is $17.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 53.46 and a beta of 1.93. Enerflex has a 12-month low of $6.74 and a 12-month high of $29.15.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. Enerflex had a net margin of 2.49% and a return on equity of 13.03%. Equities research analysts anticipate that Enerflex will post 1.45 earnings per share for the current year.

About Enerflex

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.