Solaris Energy Infrastructure, Inc. (NASDAQ:SEI – Get Free Report) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Tuesday, March 11th will be given a dividend of 0.12 per share on Friday, March 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, March 11th.
Solaris Energy Infrastructure Stock Down 4.3 %
SEI opened at $32.35 on Wednesday. Solaris Energy Infrastructure has a 52 week low of $7.49 and a 52 week high of $39.03. The firm’s 50 day moving average is $29.14. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The stock has a market cap of $2.17 billion, a P/E ratio of 73.52 and a beta of 1.35.
Analyst Upgrades and Downgrades
SEI has been the subject of several analyst reports. Piper Sandler started coverage on Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 price target for the company. Stifel Nicolaus raised their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a report on Tuesday. They issued a “buy” rating and a $57.00 target price on the stock. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target for the company. Finally, Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $45.75.
About Solaris Energy Infrastructure
Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.
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