Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 6.1% – Here’s Why

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

Analyst Upgrades and Downgrades

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

Solaris Energy Infrastructure Trading Down 1.1 %

The stock has a 50-day moving average price of $24.15. The stock has a market cap of $1.94 billion, a PE ratio of 65.84 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.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share (EPS) 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 the consensus estimate of $76.50 million. During the same period last year, the company earned $0.19 earnings per share. On average, analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure’s dividend 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 firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the transaction, the director now owns 16,277 shares in the company, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 34.71% of the company’s stock.

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.