Solaris Energy Infrastructure (NASDAQ:SEI) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Solaris Energy Infrastructure (NASDAQ:SEI) released its earnings results on Monday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06), Zacks reports. The company had revenue of $75.02 million for the quarter, compared to analysts’ expectations of $76.50 million. Solaris Energy Infrastructure had a return on equity of 7.62% and a net margin of 4.80%. During the same period in the prior year, the firm earned $0.19 EPS.

Solaris Energy Infrastructure Trading Up 17.9 %

SEI traded up $2.51 during trading on Wednesday, reaching $16.53. The company’s stock had a trading volume of 810,436 shares, compared to its average volume of 372,298. The firm has a market capitalization of $727.32 million, a price-to-earnings ratio of 37.57 and a beta of 1.22. Solaris Energy Infrastructure has a 1 year low of $6.59 and a 1 year high of $16.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 1.10.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 2.90%. Solaris Energy Infrastructure’s dividend payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

Several research firms have commented on SEI. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on Solaris Energy Infrastructure from $15.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday.

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.