Solaris Energy Infrastructure (NASDAQ:SEI) Coverage Initiated by Analysts at Janney Montgomery Scott

Janney Montgomery Scott assumed coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $57.00 price objective on the stock.

SEI has been the topic of a number of other research reports. Piper Sandler initiated coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an “overweight” rating and a $37.00 price target on the stock. Stifel Nicolaus lifted their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Monday. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price target for the company. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Finally, Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $45.75.

Solaris Energy Infrastructure Trading Down 4.3 %

Shares of NASDAQ:SEI opened at $32.35 on Tuesday. Solaris Energy Infrastructure has a 12-month low of $7.49 and a 12-month high of $39.03. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 73.52 and a beta of 1.35. The stock has a fifty day moving average of $29.14.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is currently 109.09%.

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.