Solaris Energy Infrastructure (NASDAQ:SEI) Sets New 1-Year High - Time to Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) shares 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.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SEI. Stifel Nicolaus reaffirmed a "buy" rating and set a $30.00 price target (up from $23.00) on shares of Solaris Energy Infrastructure in a report on Thursday, December 5th. Pickering Energy Partners raised Solaris Energy Infrastructure from a "neutral" rating to an "outperform" rating in a report on Wednesday, November 6th. Finally, Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday. They set a "buy" rating and a $41.00 price objective on the stock.

Solaris Energy Infrastructure Price Performance

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 capitalization of $2.26 billion, a P/E ratio of 76.66 and a beta of 1.38. The firm has a 50-day moving average price of $27.15.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $76.50 million. During the same period in the prior year, the firm posted $0.19 earnings per share. Sell-side analysts expect that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, December 6th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure's payout ratio is 109.09%.

Insiders Place Their Bets

In other news, Director James R. Burke sold 8,000 shares of the stock in a transaction that occurred 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 approximately $272,151.44. This represents a 32.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.