Solaris Energy Infrastructure (NASDAQ:SEI) Trading Down 8.3% - Should You Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) fell 8.3% during trading on Thursday . The stock traded as low as $24.16 and last traded at $23.13. 40,147 shares changed hands during mid-day 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 Analysts Forecast Growth

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

Solaris Energy Infrastructure Trading Down 10.7 %

The company has a 50-day moving average of $29.07. The firm has a market cap of $1.51 billion, a PE ratio of 51.31 and a beta of 1.32. 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.13%. Solaris Energy Infrastructure's payout ratio is 97.96%.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Laurie H. Argo bought 4,000 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $22.43 per share, with a total value 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 34.71% of the stock is 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.

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