Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 5.5% – What’s Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price shot up 5.5% during trading on Wednesday . The stock traded as high as $25.74 and last traded at $25.33. 161,948 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 984,000 shares. The stock had previously closed at $24.00.

Analysts Set New Price Targets

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

Solaris Energy Infrastructure Price Performance

The stock has a market capitalization of $1.72 billion, a P/E ratio of 58.27 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $27.95.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings results 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). Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. The company had revenue of $75.02 million during the quarter, compared to analysts’ expectations of $76.50 million. During the same period in the prior year, the business posted $0.19 earnings per share. As a group, analysts predict that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio is currently 109.09%.

Insiders Place Their Bets

In other news, Director James R. Burke sold 8,000 shares of the business’s 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 transaction, the director now directly owns 16,277 shares in the company, valued at $272,151.44. The trade was a 32.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 34.71% of the stock is currently owned by corporate insiders.

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.