Solaris Energy Infrastructure (NASDAQ:SEI) Trading Down 8.3% - What's Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s stock price fell 8.3% during mid-day trading on Thursday . The stock traded as low as $24.16 and last traded at $23.13. 40,147 shares were traded during trading, a decline of 97% from the average session volume of 1,212,448 shares. The stock had previously closed at $25.24.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SEI. Piper Sandler began coverage on Solaris Energy Infrastructure in a research report on Thursday, February 20th. They set an "overweight" rating and a $37.00 target price for the company. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 target price for the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus increased their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Finally, Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a "buy" rating and a $57.00 target price for the company. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $45.75.

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Solaris Energy Infrastructure Stock Performance

The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 55.85 and a beta of 1.32. The business's fifty day moving average is $28.84. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure's dividend payout ratio is presently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo bought 4,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the acquisition, the director now owns 46,064 shares in the company, valued at $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 SEC, which is available at this hyperlink. 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.