Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 8.1% – What’s Next?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) were up 8.1% during trading on Wednesday . The company traded as high as $34.86 and last traded at $34.03. Approximately 356,563 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 618,381 shares. The stock had previously closed at $31.49.

Analyst Ratings Changes

Several brokerages recently issued reports on SEI. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Stifel Nicolaus raised their price target on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a research report on Wednesday. They set a “buy” rating and a $41.00 price objective for the company.

Solaris Energy Infrastructure Price Performance

The firm has a market cap of $2.36 billion, a P/E ratio of 79.91 and a beta of 1.38. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average is $27.46.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $75.02 million during the quarter, compared to analysts’ expectations of $76.50 million. Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. During the same quarter last year, the company earned $0.19 earnings per share. As a group, analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were given a dividend of $0.12 per share. The ex-dividend date was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. Solaris Energy Infrastructure’s payout ratio is currently 109.09%.

Insider Buying and Selling

In related news, Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the sale, the director now owns 16,277 shares of the company’s stock, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 34.71% of the stock is currently owned by insiders.

Solaris Energy Infrastructure Company Profile

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.