Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 4.1% - Here's What Happened

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) dropped 4.1% during mid-day trading on Friday . The stock traded as low as $27.17 and last traded at $27.32. Approximately 264,298 shares changed hands during trading, a decline of 75% from the average daily volume of 1,036,490 shares. The stock had previously closed at $28.48.

Analysts Set New Price Targets

Several analysts recently weighed in on SEI shares. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 price objective on the stock. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a "neutral" rating to an "outperform" rating in a report on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Tudor Pickering raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd.

Solaris Energy Infrastructure Price Performance

The firm has a market cap of $1.79 billion, a PE ratio of 60.77 and a beta of 1.35. The stock has a fifty day simple moving average of $28.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $75.02 million for the quarter, compared to analysts' expectations of $76.50 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. During the same period in the previous year, the firm earned $0.19 EPS. On average, analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $16.72, for a total value of $133,760.00. Following the transaction, the director now directly owns 16,277 shares in the company, valued at $272,151.44. The trade was a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.