Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) to Issue $0.12 Quarterly Dividend

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) announced a quarterly dividend on Wednesday, November 6th, Wall Street Journal reports. Investors of record on Friday, December 6th will be given a dividend of 0.12 per share on Monday, December 16th. This represents a $0.48 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, December 6th.

Solaris Energy Infrastructure Trading Up 17.8 %

Solaris Energy Infrastructure stock traded up $2.50 during mid-day trading on Wednesday, hitting $16.52. The company’s stock had a trading volume of 810,433 shares, compared to its average volume of 372,298. Solaris Energy Infrastructure has a twelve month low of $6.59 and a twelve month high of $16.86. The firm has a market cap of $726.88 million, a price-to-earnings ratio of 36.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 1.25.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Solaris Energy Infrastructure had a return on equity of 7.62% and a net margin of 4.80%. The company had revenue of $73.89 million for the quarter, compared to analyst estimates of $70.00 million. On average, research analysts predict that Solaris Energy Infrastructure will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SEI shares. Stifel Nicolaus increased their target price on Solaris Energy Infrastructure from $15.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday.

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.