Solaris Energy Infrastructure (NASDAQ:SEI) Upgraded to Strong-Buy at Tudor Pickering

Tudor Pickering upgraded shares of Solaris Energy Infrastructure (NASDAQ:SEI) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other brokerages have also recently commented on SEI. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday. They set a “buy” rating and a $41.00 price objective on the stock. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus upped their price objective on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday.

Solaris Energy Infrastructure Stock Up 4.6 %

NASDAQ SEI opened at $35.16 on Wednesday. Solaris Energy Infrastructure has a 52 week low of $7.15 and a 52 week high of $36.52. The stock’s 50 day moving average price is $27.46. 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 company has a market cap of $2.36 billion, a price-to-earnings ratio of 79.91 and a beta of 1.38.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $76.50 million. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, equities research analysts anticipate that Solaris Energy Infrastructure will post 0.39 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, December 6th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. Solaris Energy Infrastructure’s dividend payout ratio is currently 109.09%.

Insider Buying and Selling

In related news, Director James R. Burke sold 8,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 16,277 shares in the company, valued at $272,151.44. This trade represents a 32.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.