Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 7.3% - Should You Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) was up 7.3% during trading on Tuesday . The stock traded as high as $22.78 and last traded at $22.81. 632,728 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 1,156,979 shares. The stock had previously closed at $21.26.

Wall Street Analyst Weigh In

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

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Solaris Energy Infrastructure Stock Down 10.7 %

The company's fifty day moving average is $29.07. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.51 billion, a P/E ratio of 51.69 and a beta of 1.32.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo acquired 4,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $22.43 per share, with a total value of $89,720.00. Following the completion of the transaction, the director now directly owns 46,064 shares in the company, valued at $1,033,215.52. This trade represents a 9.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 34.71% of the company's stock.

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.