Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 6.1% – What’s Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) traded down 6.1% during mid-day trading on Tuesday . The company traded as low as $29.33 and last traded at $29.36. 100,601 shares were traded during mid-day trading, a decline of 82% from the average session volume of 566,779 shares. The stock had previously closed at $31.28.

Analysts Set New Price Targets

Several research analysts have commented on SEI shares. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective (up previously from $23.00) on shares of Solaris Energy Infrastructure in a report on Thursday, December 5th. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th.

Solaris Energy Infrastructure Price Performance

The firm has a market cap of $2.00 billion, a P/E ratio of 67.89 and a beta of 1.38. The stock has a 50-day simple moving average of $23.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its 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 return on equity of 6.66% and a net margin of 4.80%. The business had revenue of $75.02 million during the quarter, compared to the consensus estimate of $76.50 million. During the same quarter last year, the firm earned $0.19 earnings per share. As a group, sell-side analysts expect that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is 109.09%.

Insider Activity

In related news, Director James R. Burke sold 8,000 shares of the 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 of the company’s stock, valued at $272,151.44. This represents a 32.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.