James R. Burke Sells 8,000 Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Stock

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director James R. Burke sold 8,000 shares of the business’s stock in a transaction on 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 approximately $272,151.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Solaris Energy Infrastructure Trading Up 2.4 %

NASDAQ SEI opened at $18.38 on Wednesday. Solaris Energy Infrastructure, Inc. has a 52 week low of $6.59 and a 52 week high of $18.75. The company has a quick ratio of 1.10, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company has a market cap of $808.72 million, a price-to-earnings ratio of 34.52 and a beta of 1.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its earnings results on Monday, November 4th. The company reported $0.08 EPS 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 firm had revenue of $75.02 million for the quarter, compared to analyst estimates of $76.50 million. During the same quarter in the previous year, the firm posted $0.19 EPS. As a group, analysts predict that Solaris Energy Infrastructure, Inc. will post 0.35 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.61%. Solaris Energy Infrastructure’s payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SEI shares. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on Solaris Energy Infrastructure from $15.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th.

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.