Solaris Energy Infrastructure (NASDAQ:SEI) Reaches New 1-Year High – Here’s Why

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) reached a new 52-week high on Thursday . The stock traded as high as $35.61 and last traded at $34.67, with a volume of 1665690 shares traded. The stock had previously closed at $31.49.

Analysts Set New Price Targets

SEI has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday. They set a “buy” rating and a $41.00 price target on the stock. Finally, 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.

Solaris Energy Infrastructure Stock Up 4.6 %

The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 79.91 and a beta of 1.38. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average is $27.46.

Solaris Energy Infrastructure (NASDAQ:SEI) last released its quarterly earnings data 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). The company had revenue of $75.02 million for the quarter, compared to analysts’ expectations 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 company posted $0.19 EPS. Sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 0.39 earnings per share for the current year.

Solaris Energy Infrastructure Announces Dividend

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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 6th. 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 firm’s stock in a transaction 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 sale, the director now owns 16,277 shares of the company’s stock, valued at $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.