Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 5.5% - Time to Buy?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) rose 5.5% on Wednesday . The company traded as high as $25.74 and last traded at $25.33. Approximately 161,948 shares were traded during trading, a decline of 84% from the average daily volume of 984,000 shares. The stock had previously closed at $24.00.

Analyst Upgrades and Downgrades

SEI has been the subject of several analyst reports. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 target price for the company. Stifel Nicolaus increased their price target on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Tudor Pickering upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Wednesday, January 22nd. Finally, Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a "neutral" rating to an "outperform" rating in a research report on Wednesday, November 6th.

Solaris Energy Infrastructure Price Performance

The stock has a market cap of $1.72 billion, a P/E ratio of 58.27 and a beta of 1.38. The company has a 50-day moving average price of $27.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $75.02 million during the quarter, compared to the consensus estimate of $76.50 million. During the same period in the previous year, the business posted $0.19 EPS. As a group, research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 1.87%. Solaris Energy Infrastructure's payout ratio is presently 109.09%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director James R. Burke sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $16.72, for a total transaction of $133,760.00. Following the transaction, the director now directly owns 16,277 shares of the company's stock, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.

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