Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Down – Should You Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares gapped down prior to trading on Monday . The stock had previously closed at $34.98, but opened at $29.05. Solaris Energy Infrastructure shares last traded at $28.98, with a volume of 687,807 shares traded.

Analysts Set New Price Targets

SEI has been the topic of several research analyst reports. Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price objective on the stock. Stifel Nicolaus raised their target price on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a research note on Friday. Finally, Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd.

Solaris Energy Infrastructure Stock Performance

The stock has a 50-day moving average of $27.79. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.90 billion, a PE ratio of 63.97 and a beta of 1.38.

Solaris Energy Infrastructure (NASDAQ:SEI) last released its earnings results on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $75.02 million for the quarter, compared to the consensus estimate of $76.50 million. Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. During the same quarter in the previous year, the firm earned $0.19 EPS. As a group, 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 announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, December 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.70%. Solaris Energy Infrastructure’s payout ratio is presently 109.09%.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director James R. Burke sold 8,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total value of $133,760.00. Following the transaction, the director now owns 16,277 shares of the company’s stock, valued at $272,151.44. This represents a 32.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.71% of the stock is 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.