Solaris Energy Infrastructure (NASDAQ:SEI) Price Target Raised to $42.00 at Stifel Nicolaus

Solaris Energy Infrastructure (NASDAQ:SEI) had its price target upped by Stifel Nicolaus from $30.00 to $42.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday. They issued a “buy” rating and a $41.00 price target for the company.

Solaris Energy Infrastructure Price Performance

SEI stock opened at $35.16 on Friday. 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 firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 79.91 and a beta of 1.38. Solaris Energy Infrastructure has a 52-week low of $7.15 and a 52-week high of $36.52. The company’s 50 day moving average price is $27.46.

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

Solaris Energy Infrastructure Dividend Announcement

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

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 16,277 shares of the company’s stock, valued at $272,151.44. The trade was a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 34.71% of the company’s stock.

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.