Solaris Energy Infrastructure (NASDAQ:SEI) Trading 5% Higher – Still a Buy?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) were up 5% on Monday . The stock traded as high as $28.21 and last traded at $28.21. Approximately 130,262 shares were traded during trading, a decline of 69% from the average daily volume of 425,028 shares. The stock had previously closed at $26.87.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SEI shares. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price target (up from $23.00) on shares of Solaris Energy Infrastructure in a report on Thursday, December 5th. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th.

Solaris Energy Infrastructure Stock Performance

The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 63.77 and a beta of 1.45. 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 business’s 50-day simple moving average is $20.10.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted 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). The firm had revenue of $75.02 million for the quarter, compared to the consensus estimate of $76.50 million. Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio is presently 109.09%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 34.71% of the company’s stock.

Solaris Energy Infrastructure Company Profile

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.