Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 5% – Still a Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) traded up 5% during mid-day trading on Monday . The stock traded as high as $28.21 and last traded at $28.21. 130,262 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 425,028 shares. The stock had previously closed at $26.87.

Wall Street Analyst Weigh In

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

Solaris Energy Infrastructure Stock Up 2.7 %

The stock has a fifty day moving average price of $20.68. 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 $1.93 billion, a price-to-earnings ratio of 65.27 and a beta of 1.45.

Solaris Energy Infrastructure (NASDAQ:SEI) last released its earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $75.02 million during the quarter, compared to analysts’ expectations of $76.50 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. During the same quarter in the previous year, the business earned $0.19 EPS. Equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed 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 1.67%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is currently 109.09%.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred 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 sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 34.71% of the company’s stock.

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.