Solaris Energy Infrastructure (NASDAQ:SEI) Posts Earnings Results, Misses Estimates By $0.06 EPS

Solaris Energy Infrastructure (NASDAQ:SEI) released its quarterly earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06), Zacks reports. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 7.62%. The firm had revenue of $75.02 million during the quarter, compared to the consensus estimate of $76.50 million. During the same quarter last year, the firm earned $0.19 earnings per share.

Solaris Energy Infrastructure Stock Performance

NASDAQ:SEI traded up $1.52 during mid-day trading on Wednesday, reaching $15.54. The stock had a trading volume of 93,323 shares, compared to its average volume of 368,833. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 1.10. Solaris Energy Infrastructure has a 12 month low of $6.59 and a 12 month high of $15.88. The stock has a market capitalization of $683.76 million, a price-to-earnings ratio of 31.96 and a beta of 1.22.

Analyst Upgrades and Downgrades

SEI has been the subject of several recent research reports. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Stifel Nicolaus raised their price target on Solaris Energy Infrastructure from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, October 11th.

About Solaris Energy Infrastructure

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.