Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Up 6.2% – Here’s What Happened

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) were up 6.2% during mid-day trading on Wednesday . The company traded as high as $30.94 and last traded at $30.86. Approximately 355,091 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 409,553 shares. The stock had previously closed at $29.05.

Analyst Ratings Changes

SEI has been the subject of a number of research reports. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus restated a “buy” rating and set a $30.00 target price (up from $23.00) on shares of Solaris Energy Infrastructure in a research report on Thursday, December 5th.

Solaris Energy Infrastructure Price Performance

The stock’s 50-day simple moving average is $18.94. 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 company has a market cap of $1.70 billion, a P/E ratio of 65.02 and a beta of 1.45.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. The firm had revenue of $75.02 million for the quarter, compared to analysts’ expectations of $76.50 million. During the same period in the prior year, the firm earned $0.19 EPS. As a group, research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current 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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 109.09%.

Insiders Place Their Bets

In other news, Director James R. Burke sold 8,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $16.72, for a total transaction of $133,760.00. Following the sale, the director now directly owns 16,277 shares in the company, valued at approximately $272,151.44. This represents a 32.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.71% of the stock is currently owned by corporate insiders.

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.