Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 13.1% - Should You Sell?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) dropped 13.1% during trading on Monday . The company traded as low as $32.40 and last traded at $31.26. Approximately 457,185 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 980,619 shares. The stock had previously closed at $35.96.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SEI. Janney Montgomery Scott began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday. They issued a "buy" rating and a $57.00 price objective for the company. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 price objective for the company. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus upped their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Monday. Finally, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a "neutral" rating to an "outperform" rating in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $45.75.

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Solaris Energy Infrastructure Trading Up 2.4 %

The firm has a 50-day moving average of $29.25. 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 stock has a market cap of $2.26 billion, a PE ratio of 76.42 and a beta of 1.35.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.42%. Solaris Energy Infrastructure's payout ratio is 97.96%.

About Solaris Energy Infrastructure

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.