Solaris Energy Infrastructure, Inc. to Issue Quarterly Dividend of $0.12 (NASDAQ:SEI)

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) announced a quarterly dividend on Monday, November 4th, Wall Street Journal reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.12 per share on Monday, December 16th. This represents a $0.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, December 6th.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock traded up $2.51 during midday trading on Wednesday, hitting $16.53. 810,436 shares of the company were exchanged, compared to its average volume of 372,298. The firm has a market capitalization of $727.32 million, a PE ratio of 36.75 and a beta of 1.22. Solaris Energy Infrastructure has a fifty-two week low of $6.59 and a fifty-two week high of $16.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 1.25.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $73.89 million for the quarter, compared to analyst estimates of $70.00 million. Solaris Energy Infrastructure had a return on equity of 7.62% and a net margin of 4.80%. As a group, sell-side analysts expect that Solaris Energy Infrastructure will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Solaris Energy Infrastructure from $15.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday.

About Solaris Energy Infrastructure

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.