Stifel Nicolaus Issues Positive Forecast for Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price

Solaris Energy Infrastructure (NASDAQ:SEI) had its price objective raised by Stifel Nicolaus from $15.00 to $23.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday.

Solaris Energy Infrastructure Trading Up 3.9 %

NASDAQ:SEI traded up $0.65 during midday trading on Wednesday, reaching $17.15. 318,809 shares of the stock traded hands, compared to its average volume of 372,766. The stock has a market capitalization of $754.60 million, a price-to-earnings ratio of 38.98 and a beta of 1.22. Solaris Energy Infrastructure has a 12-month low of $6.59 and a 12-month high of $17.19. The company has a quick ratio of 1.10, a current ratio of 1.25 and a debt-to-equity ratio of 0.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $73.89 million during 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 anticipate that Solaris Energy Infrastructure will post 0.52 earnings per share for the current fiscal 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 given a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 2.80%. Solaris Energy Infrastructure’s dividend payout ratio is presently 109.09%.

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.