Solaris Energy Infrastructure (NASDAQ:SEI) Sets New 12-Month High - Still a Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $32.97 and last traded at $31.84, with a volume of 171033 shares traded. The stock had previously closed at $31.15.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SEI shares. Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a "neutral" rating to an "outperform" rating in a report on Wednesday, November 6th. Stifel Nicolaus reaffirmed a "buy" rating and set a $30.00 price objective (up from $23.00) on shares of Solaris Energy Infrastructure in a report on Thursday, December 5th.

Solaris Energy Infrastructure Stock Performance

The business's fifty day moving average price is $26.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The firm has a market cap of $2.11 billion, a P/E ratio of 71.33 and a beta of 1.38.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The firm had revenue of $75.02 million during the quarter, compared to analysts' expectations of $76.50 million. During the same period last year, the business posted $0.19 earnings per share. As a group, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure's dividend payout ratio is presently 109.09%.

Insider Buying and Selling

In other news, Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred 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 owns 16,277 shares in the company, valued at $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 34.71% of the stock is 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.