Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 16.3% on Analyst Upgrade

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price was up 16.3% during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $15.00 to $23.00. Stifel Nicolaus currently has a buy rating on the stock. Solaris Energy Infrastructure traded as high as $16.33 and last traded at $16.31. Approximately 359,660 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 370,201 shares. The stock had previously closed at $14.02.

Separately, Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday.

Solaris Energy Infrastructure Price Performance

The stock has a market cap of $727.32 million, a price-to-earnings ratio of 37.57 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 1.25.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Solaris Energy Infrastructure had a return on equity of 7.62% and a net margin of 4.80%. The company had revenue of $73.89 million for the quarter, compared to analysts’ expectations of $70.00 million. On average, equities analysts expect that Solaris Energy Infrastructure, Inc. will post 0.52 earnings per share for the current year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.90%. Solaris Energy Infrastructure’s dividend payout ratio is currently 109.09%.

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.