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Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 5% - Here's Why

Solaris Energy Infrastructure logo with Oils/Energy background

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) shot up 5% during trading on Monday . The company traded as high as $28.21 and last traded at $28.21. 130,262 shares were traded during mid-day trading, a decline of 69% from the average session volume of 425,028 shares. The stock had previously closed at $26.87.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on Solaris Energy Infrastructure

Solaris Energy Infrastructure Price Performance

The company has a market capitalization of $1.88 billion, a PE ratio of 63.55 and a beta of 1.45. The business has a 50-day simple moving average of $20.10. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The company had revenue of $75.02 million for the quarter, compared to analyst estimates of $76.50 million. During the same quarter in the prior year, the business posted $0.19 EPS. As a group, analysts expect that Solaris Energy Infrastructure, Inc. will post 0.39 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure's payout ratio is 109.09%.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure 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 owns 16,277 shares in the company, valued at $272,151.44. The trade was a 32.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 34.71% of the stock is owned by corporate insiders.

About Solaris Energy Infrastructure

(Get Free Report)

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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