Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 6.1% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price dropped 6.1% during mid-day trading on Tuesday . The company traded as low as $29.33 and last traded at $29.36. Approximately 100,601 shares changed hands during trading, a decline of 82% from the average daily volume of 566,779 shares. The stock had previously closed at $31.28.

Wall Street Analyst Weigh In

Several research firms have recently commented on SEI. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 target price (up from $23.00) on shares of Solaris Energy Infrastructure in a research report on Thursday, December 5th. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th.

Solaris Energy Infrastructure Price Performance

The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 67.89 and a beta of 1.38. 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 business’s 50-day simple moving average is $23.51.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The business had revenue of $75.02 million during the quarter, compared to analysts’ expectations of $76.50 million. During the same quarter last year, the company posted $0.19 EPS. Sell-side analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.39 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, December 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is 109.09%.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director James R. Burke sold 8,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $16.72, for a total transaction of $133,760.00. Following 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 filing with the SEC, which is available through the SEC website. Insiders own 34.71% of the company’s stock.

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.