Solaris Energy Infrastructure (NASDAQ:SEI) Price Target Raised to $42.00

Solaris Energy Infrastructure (NASDAQ:SEI) had its price target hoisted by Stifel Nicolaus from $30.00 to $42.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 target price on the stock. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ SEI opened at $35.16 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of 79.91 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The business’s 50 day moving average price is $27.79. Solaris Energy Infrastructure has a 1 year low of $7.15 and a 1 year high of $36.52.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its earnings results on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $76.50 million. During the same period last year, the business earned $0.19 EPS. As a group, research analysts expect that Solaris Energy Infrastructure will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, December 6th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is 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 business’s stock in a transaction on Thursday, November 7th. The shares were 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 owns 16,277 shares in the company, valued at $272,151.44. The trade was a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 34.71% of the stock is currently owned by corporate insiders.

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.