Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Up 5% – Time to Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price shot 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 were traded during trading, a decline of 69% from the average session volume of 425,028 shares. The stock had previously closed at $26.87.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SEI shares. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target (up from $23.00) on shares of Solaris Energy Infrastructure in a report on Thursday, December 5th.

Solaris Energy Infrastructure Stock Up 2.7 %

The company has a 50-day simple moving average of $20.68. 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 firm has a market cap of $1.93 billion, a P/E ratio of 65.27 and a beta of 1.45.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The business had revenue of $75.02 million for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.19 EPS. Research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 1.67%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 109.09%.

Insiders Place Their Bets

In other news, Director James R. Burke sold 8,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the transaction, the director now directly owns 16,277 shares of the company’s stock, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.71% of the stock is owned by insiders.

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.