Solaris Energy Infrastructure (NASDAQ:SEI) Trading 8.1% Higher – Should You Buy?

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target (up from $23.00) on shares of Solaris Energy Infrastructure in a research report on Thursday, December 5th. Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday. They set a “buy” rating and a $41.00 price target on the stock. Finally, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th.

Read Our Latest Stock Analysis on Solaris Energy Infrastructure

Solaris Energy Infrastructure Price Performance

The stock has a fifty day simple moving average of $26.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 78.58 and a beta of 1.38.

Solaris Energy Infrastructure (NASDAQ:SEIGet Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The firm 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 quarter in the previous year, the firm earned $0.19 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders 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 annualized dividend and a dividend yield of 1.39%. Solaris Energy Infrastructure’s dividend payout ratio is currently 109.09%.

Insider Activity

In other news, Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the sale, the director now directly owns 16,277 shares of the company’s stock, valued at approximately $272,151.44. The trade was a 32.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 34.71% of the stock is owned by company insiders.

Solaris Energy Infrastructure Company Profile

(Get Free Report)

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.

Further Reading

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