Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Down – Time to Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) 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.

Wall Street Analyst Weigh In

Several analysts recently commented on SEI shares. Stifel Nicolaus raised their price target on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a report on Friday. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target for the company. Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Finally, Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd.

Solaris Energy Infrastructure Trading Down 19.2 %

The firm has a fifty day simple moving average of $27.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 63.97 and a beta of 1.38.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The business had revenue of $75.02 million for the quarter, compared to analyst estimates of $76.50 million. During the same quarter last year, the firm earned $0.19 earnings per share. On average, equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.39 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 dividend yield of 1.70%. Solaris Energy Infrastructure’s payout ratio is 109.09%.

Insider Activity 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 shares were sold at an average price of $16.72, for a total value of $133,760.00. Following the completion of the transaction, the director now owns 16,277 shares in the company, valued at approximately $272,151.44. This represents a 32.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.