Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 10.4% – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price dropped 10.4% during mid-day trading on Tuesday . The stock traded as low as $28.01 and last traded at $28.30. Approximately 207,053 shares were traded during trading, a decline of 80% from the average daily volume of 1,045,329 shares. The stock had previously closed at $31.57.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SEI shares. Stifel Nicolaus boosted their price objective on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 price objective on the stock. Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price objective for the company. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Finally, Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Price Performance

The stock’s fifty day moving average is $29.59. The firm has a market capitalization of $1.92 billion, a P/E ratio of 65.40 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.68%. Solaris Energy Infrastructure’s payout ratio is 97.96%.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.