Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 5.5% – What’s Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shot up 5.5% during trading on Wednesday . The company traded as high as $25.74 and last traded at $25.33. 161,948 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 984,000 shares. The stock had previously closed at $24.00.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SEI. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price on the stock. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus raised their price objective on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, January 24th.

Solaris Energy Infrastructure Trading Up 9.5 %

The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.91 billion, a P/E ratio of 50.10 and a beta of 1.38. The stock has a 50-day moving average of $28.06.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced 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). 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 period last year, the firm earned $0.19 earnings per share. As a group, analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 109.09%.

Insider Buying and Selling

In related news, Director James R. Burke sold 8,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $16.72, for a total transaction of $133,760.00. Following the sale, the director now directly owns 16,277 shares of the company’s stock, valued at approximately $272,151.44. This represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 34.71% of the stock is currently owned by corporate 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.