Solaris Energy Infrastructure (NASDAQ:SEI) Reaches New 12-Month High – Should You Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.97 and last traded at $31.84, with a volume of 171033 shares. The stock had previously closed at $31.15.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SEI. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 target price (up from $23.00) on shares of Solaris Energy Infrastructure in a report on Thursday, December 5th.

Solaris Energy Infrastructure Stock Up 0.8 %

The business has a fifty day moving average price of $26.28. 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 firm has a market cap of $2.11 billion, a PE ratio of 71.33 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). The firm had revenue of $75.02 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.19 earnings per share. As a group, equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.39 earnings per share for the current year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, December 6th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio is currently 109.09%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $16.72, for a total value of $133,760.00. Following the sale, the director now owns 16,277 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 34.71% of the stock is owned by company insiders.

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.