Solaris Energy Infrastructure (NASDAQ:SEI) Upgraded by Pickering Energy Partners to “Outperform” Rating

Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure (NASDAQ:SEI) from a neutral rating to an outperform rating in a report published on Wednesday morning, Marketbeat Ratings reports.

Separately, Stifel Nicolaus raised their price target on Solaris Energy Infrastructure from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, October 11th.

Solaris Energy Infrastructure Trading Up 17.9 %

Shares of SEI opened at $16.53 on Wednesday. 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 cap of $727.32 million, a P/E ratio of 37.57 and a beta of 1.22. Solaris Energy Infrastructure has a 1-year low of $6.59 and a 1-year high of $16.85.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly earnings results 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 firm had revenue of $73.89 million during the quarter, compared to the consensus estimate of $70.00 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 7.62%. Equities research analysts predict that Solaris Energy Infrastructure will post 0.52 EPS for the current year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) 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.