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

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) fell 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.

Wall Street Analysts Forecast Growth

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

Solaris Energy Infrastructure Stock Performance

The business’s fifty day simple moving average is $24.15. 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 company has a market cap of $1.94 billion, a PE ratio of 65.84 and a beta of 1.38.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. The company had revenue of $75.02 million for the quarter, compared to analysts’ expectations of $76.50 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. On average, analysts predict that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is 109.09%.

Insider Activity at Solaris Energy Infrastructure

In other 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 transaction of $133,760.00. Following the transaction, the director now owns 16,277 shares of the company’s stock, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 34.71% of the stock is currently 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.