Solaris Energy Infrastructure (NASDAQ:SEI) Trading Down 6.1% - Here's What Happened

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s share price fell 6.1% during trading on Tuesday . The company traded as low as $29.33 and last traded at $29.36. 100,601 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 566,779 shares. The stock had previously closed at $31.28.

Analyst Ratings Changes

Several analysts have recently commented on SEI shares. Stifel Nicolaus reissued a "buy" rating and set a $30.00 price target (up from $23.00) on shares of Solaris Energy Infrastructure in a research note on Thursday, December 5th. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a "neutral" rating to an "outperform" rating in a research report on Wednesday, November 6th.

Solaris Energy Infrastructure Stock Down 6.4 %

The company has a market cap of $1.96 billion, a price-to-earnings ratio of 66.52 and a beta of 1.38. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $23.51.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The firm had revenue of $75.02 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.19 EPS. Equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, December 6th were given 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 1.64%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 109.09%.

Insiders Place Their Bets

In related news, Director James R. Burke sold 8,000 shares of the firm'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 completion of the sale, the director now directly owns 16,277 shares in the company, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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.