Tudor, Pickering, Holt & Co. Initiates Coverage on Solaris Energy Infrastructure (NASDAQ:SEI)

Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI) in a report released on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $41.00 target price on the stock.

SEI has been the subject of several other research reports. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 target price (up previously from $23.00) on shares of Solaris Energy Infrastructure in a research note on Thursday, December 5th.

Solaris Energy Infrastructure Stock Up 4.6 %

Solaris Energy Infrastructure stock opened at $35.16 on Wednesday. The firm has a 50-day moving average price of $27.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company has a market capitalization of $2.36 billion, a PE ratio of 79.91 and a beta of 1.38. Solaris Energy Infrastructure has a 12-month low of $7.15 and a 12-month high of $36.52.

Solaris Energy Infrastructure (NASDAQ:SEI) 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 business 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 period last year, the business posted $0.19 EPS. As a group, sell-side analysts expect that Solaris Energy Infrastructure will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Announces Dividend

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

Insider Activity

In related 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 value of $133,760.00. Following the completion of the transaction, the director now directly owns 16,277 shares in the company, valued at approximately $272,151.44. The trade was a 32.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.71% of the stock is owned by company insiders.

Solaris Energy Infrastructure Company Profile

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.