Stifel Nicolaus Issues Positive Forecast for Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price

Solaris Energy Infrastructure (NASDAQ:SEI) had its price target boosted by Stifel Nicolaus from $15.00 to $23.00 in a research report released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday.

Solaris Energy Infrastructure Price Performance

Solaris Energy Infrastructure stock opened at $16.53 on Wednesday. Solaris Energy Infrastructure has a 12 month low of $6.59 and a 12 month high of $16.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 1.25. The firm has a market capitalization of $727.32 million, a price-to-earnings ratio of 37.57 and a beta of 1.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $73.89 million for the quarter, compared to the consensus estimate of $70.00 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 7.62%. Sell-side analysts predict that Solaris Energy Infrastructure will post 0.52 earnings per share for the current year.

Solaris Energy Infrastructure Dividend Announcement

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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is 109.09%.

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.