Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 6.3% – Here’s Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares traded down 6.3% on Thursday . The stock traded as low as $26.20 and last traded at $26.21. 262,688 shares traded hands during trading, a decline of 73% from the average session volume of 982,425 shares. The stock had previously closed at $27.97.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 24th. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price for the company. Finally, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th.

Solaris Energy Infrastructure Stock Down 2.1 %

The firm has a market cap of $1.74 billion, a P/E ratio of 59.07 and a beta of 1.35. The stock has a 50-day moving average of $28.57. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

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.