Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 8.1% – Time to Buy?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shot up 8.1% on Wednesday . The company traded as high as $34.86 and last traded at $34.03. 356,563 shares traded hands during trading, a decline of 42% from the average session volume of 618,381 shares. The stock had previously closed at $31.49.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SEI. Stifel Nicolaus increased their target price on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a research note on Friday. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th.

Solaris Energy Infrastructure Stock Up 4.6 %

The company’s 50 day simple moving average is $27.46. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.36 billion, a PE ratio of 79.91 and a beta of 1.38.

Solaris Energy Infrastructure (NASDAQ:SEI) last released its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company 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 period last year, the firm earned $0.19 earnings per share. As a group, sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 0.39 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, December 6th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 1.37%. Solaris Energy Infrastructure’s payout ratio is currently 109.09%.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the sale, the director now owns 16,277 shares in the company, valued at $272,151.44. This represents a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 34.71% of the company’s stock.

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.