Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 16.3% Following Analyst Upgrade

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) rose 16.3% during trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $15.00 to $23.00. Stifel Nicolaus currently has a buy rating on the stock. Solaris Energy Infrastructure traded as high as $16.33 and last traded at $16.31. Approximately 359,660 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 370,201 shares. The stock had previously closed at $14.02.

Separately, Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday.

Solaris Energy Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 1.10. The stock has a market capitalization of $726 million, a price-to-earnings ratio of 37.50 and a beta of 1.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $73.89 million during the quarter, compared to analyst estimates of $70.00 million. Solaris Energy Infrastructure had a return on equity of 7.62% and a net margin of 4.80%. Equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.52 EPS for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is 109.09%.

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.