Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 4.1% – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price fell 4.1% during mid-day trading on Friday . The stock traded as low as $27.17 and last traded at $27.32. 264,298 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 1,036,490 shares. The stock had previously closed at $28.48.

Wall Street Analyst Weigh In

SEI has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 24th. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price objective for the company. Finally, Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd.

Solaris Energy Infrastructure Price Performance

The stock’s fifty day moving average price is $28.20. The company has a market cap of $1.83 billion, a P/E ratio of 62.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The company had revenue of $75.02 million during the quarter, compared to the consensus estimate of $76.50 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. During the same period in the previous year, the business posted $0.19 earnings per share. Equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. Solaris Energy Infrastructure’s payout ratio is presently 109.09%.

Insider Transactions at Solaris Energy Infrastructure

In other 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 the SEC website. Corporate insiders own 34.71% of the company’s stock.

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.