Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up - Still a Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $22.23, but opened at $23.62. Solaris Energy Infrastructure shares last traded at $24.07, with a volume of 95,331 shares.

Analyst Ratings Changes

SEI has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They set a "buy" rating and a $41.00 price target for the company. Janney Montgomery Scott started coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price objective for the company. Tudor Pickering raised Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an "overweight" rating and a $37.00 target price for the company. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $45.75.

Remove Ads

Solaris Energy Infrastructure Price Performance

The company has a market cap of $1.54 billion, a price-to-earnings ratio of 52.30 and a beta of 1.32. 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 business has a fifty day moving average price of $28.94.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.09%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

Insider Activity at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo purchased 4,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $22.43 per share, with a total value of $89,720.00. Following the acquisition, the director now directly owns 46,064 shares in the company, valued at approximately $1,033,215.52. This trade represents a 9.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 34.71% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Company Profile

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.