Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 6.2% – Time to Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price traded up 6.2% during trading on Wednesday . The stock traded as high as $30.94 and last traded at $30.86. 355,091 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 409,553 shares. The stock had previously closed at $29.05.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SEI. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus restated a “buy” rating and set a $30.00 target price (up from $23.00) on shares of Solaris Energy Infrastructure in a research report on Thursday, December 5th.

Solaris Energy Infrastructure Stock Down 2.7 %

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 stock has a market cap of $1.70 billion, a price-to-earnings ratio of 65.02 and a beta of 1.45. The company’s 50-day moving average is $18.94.

Solaris Energy Infrastructure (NASDAQ:SEI) last released its quarterly earnings data on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $75.02 million during the quarter, compared to analyst estimates of $76.50 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. During the same quarter in the previous year, the company posted $0.19 EPS. Research analysts forecast 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 will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. Solaris Energy Infrastructure’s payout ratio is currently 109.09%.

Insider Activity at Solaris Energy Infrastructure

In other news, Director James R. Burke sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction 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. This represents a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 34.71% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Company Profile

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.