Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 13.1% – Here’s Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares were down 13.1% on Monday . The stock traded as low as $32.40 and last traded at $31.26. Approximately 457,185 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 980,619 shares. The stock had previously closed at $35.96.

Analysts Set New Price Targets

Several research analysts recently weighed in on SEI shares. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a research report on Tuesday. They issued a “buy” rating and a $57.00 price objective on the stock. Stifel Nicolaus increased their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a report on Monday. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price objective for the company. Finally, Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Stock Performance

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 price is $29.14. The stock has a market capitalization of $2.20 billion, a PE ratio of 74.66 and a beta of 1.35.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure’s payout ratio is 97.96%.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.