Stifel Nicolaus Issues Positive Forecast for Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price

Solaris Energy Infrastructure (NASDAQ:SEI) had its price objective raised by Stifel Nicolaus from $30.00 to $42.00 in a research note released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages also recently issued reports on SEI. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a research report on Wednesday. They set a “buy” rating and a $41.00 price objective for the company. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ SEI opened at $35.16 on Friday. 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 capitalization of $2.36 billion, a price-to-earnings ratio of 79.91 and a beta of 1.38. Solaris Energy Infrastructure has a 1-year low of $7.15 and a 1-year high of $36.52. The stock has a fifty day moving average of $27.46.

Solaris Energy Infrastructure (NASDAQ:SEI) last released 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 firm had revenue of $75.02 million during the quarter, compared to analyst estimates of $76.50 million. Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. During the same period last year, the business earned $0.19 EPS. Equities research analysts expect that Solaris Energy Infrastructure will post 0.39 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 109.09%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director James R. Burke sold 8,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the transaction, the director now owns 16,277 shares of the company’s stock, valued at $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.