Solaris Energy Infrastructure, Inc. Declares Quarterly Dividend of $0.12 (NASDAQ:SEI)

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) declared a quarterly dividend on Monday, November 4th, Wall Street Journal reports. Investors of record on Friday, December 6th will be given a dividend of 0.12 per share on Monday, December 16th. This represents a $0.48 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, December 6th.

Solaris Energy Infrastructure Stock Up 17.9 %

Solaris Energy Infrastructure stock traded up $2.51 during trading hours on Wednesday, reaching $16.53. 810,436 shares of the stock were exchanged, compared to its average volume of 372,298. Solaris Energy Infrastructure has a 52-week low of $6.59 and a 52-week high of $16.85. The company has a market cap of $727.32 million, a P/E ratio of 36.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 1.25.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Solaris Energy Infrastructure had a return on equity of 7.62% and a net margin of 4.80%. The business had revenue of $73.89 million during the quarter, compared to analysts’ expectations of $70.00 million. On average, analysts forecast that Solaris Energy Infrastructure will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SEI. Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $15.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday.

About Solaris Energy Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.