Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) dropped 10.4% during mid-day trading on Tuesday . The company traded as low as $28.01 and last traded at $28.30. Approximately 207,053 shares were traded during trading, a decline of 80% from the average daily volume of 1,045,329 shares. The stock had previously closed at $31.57.
Wall Street Analyst Weigh In
SEI has been the topic of a number of recent analyst reports. Tudor, Pickering, Holt & Co. initiated coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 price target on the stock. Stifel Nicolaus increased their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Tudor Pickering upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price target on the stock. Finally, Piper Sandler initiated coverage on Solaris Energy Infrastructure in a research report on Thursday, February 20th. They set an "overweight" rating and a $37.00 price target on the stock. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Solaris Energy Infrastructure currently has a consensus rating of "Buy" and an average target price of $45.75.
Check Out Our Latest Research Report on SEI
Solaris Energy Infrastructure Stock Down 1.3 %
The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 54.85 and a beta of 1.32. The company's 50-day moving average is $29.41. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.
Solaris Energy Infrastructure Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.99%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.
Solaris Energy Infrastructure Company Profile
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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.
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