Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 7.2% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price fell 7.2% on Thursday . The stock traded as low as $29.60 and last traded at $29.60. 104,274 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 415,582 shares. The stock had previously closed at $31.89.

Analysts Set New Price Targets

SEI has been the topic of a number of recent analyst reports. 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 price objective (up previously from $23.00) on shares of Solaris Energy Infrastructure in a report on Thursday, December 5th.

Solaris Energy Infrastructure Stock Down 2.7 %

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 firm has a market capitalization of $1.70 billion, a PE ratio of 63.71 and a beta of 1.45. The stock has a fifty day simple moving average of $19.14.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced 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). 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 analyst estimates of $76.50 million. During the same quarter last year, the business earned $0.19 EPS. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio is currently 109.09%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director James R. Burke sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $16.72, for a total value of $133,760.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 34.71% of the stock is currently owned by company 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.