Solaris Energy Infrastructure (NASDAQ:SEI) Price Target Raised to $23.00 at Stifel Nicolaus

Solaris Energy Infrastructure (NASDAQ:SEI) had its price target increased by Stifel Nicolaus from $15.00 to $23.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday.

Solaris Energy Infrastructure Stock Up 3.9 %

Shares of NASDAQ:SEI opened at $17.15 on Wednesday. The firm has a market capitalization of $754.60 million, a PE ratio of 32.98 and a beta of 1.22. Solaris Energy Infrastructure has a 52 week low of $6.59 and a 52 week high of $17.19. The company has a quick ratio of 1.10, a current ratio of 1.25 and a debt-to-equity ratio of 0.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 7.62%. The company had revenue of $73.89 million during the quarter, compared to the consensus estimate of $70.00 million. On average, equities analysts forecast that Solaris Energy Infrastructure will post 0.35 EPS for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 2.80%. Solaris Energy Infrastructure’s dividend payout ratio is presently 109.09%.

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.