Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Down - What's Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $34.98, but opened at $29.05. Solaris Energy Infrastructure shares last traded at $28.98, with a volume of 687,807 shares.

Analyst Upgrades and Downgrades

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

Solaris Energy Infrastructure Price Performance

The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 59.08 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The business's fifty day moving average price is $27.95.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) last released 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). The business 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 last year, the company earned $0.19 earnings per share. On average, analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.39 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders 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 1.85%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 109.09%.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director James R. Burke sold 8,000 shares of the 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 sale, the director now directly owns 16,277 shares of the company's stock, valued at approximately $272,151.44. This represents a 32.95 % decrease in their ownership of the stock. The sale 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.

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.