Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Down 13.1% – Here’s Why

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) dropped 13.1% during trading on Monday . The company traded as low as $32.40 and last traded at $31.26. Approximately 457,185 shares changed hands during trading, a decline of 53% from the average daily volume of 980,619 shares. The stock had previously closed at $35.96.

Analyst Upgrades and Downgrades

SEI has been the topic of a number of recent analyst reports. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday. They set a “buy” rating and a $57.00 price target on the stock. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target 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 boosted their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday. Five equities 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.com, Solaris Energy Infrastructure has an average rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Trading Up 1.2 %

The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average of $29.14. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 74.66 and a beta of 1.35.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.46%. Solaris Energy Infrastructure’s payout ratio is currently 97.96%.

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.