Stifel Nicolaus Issues Positive Forecast for Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price

Solaris Energy Infrastructure (NASDAQ:SEI) had its target price hoisted by Stifel Nicolaus from $42.00 to $48.00 in a research report report published on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts also recently commented on the company. Piper Sandler started coverage on Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 target price on the stock. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock. Finally, Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $42.00.

Solaris Energy Infrastructure Stock Down 6.2 %

Solaris Energy Infrastructure stock opened at $33.73 on Monday. Solaris Energy Infrastructure has a twelve month low of $7.49 and a twelve month high of $39.03. 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 stock has a market cap of $2.26 billion, a P/E ratio of 76.65 and a beta of 1.35. The stock has a 50 day moving average of $29.06.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, March 11th. Solaris Energy Infrastructure’s payout ratio is currently 109.09%.

About Solaris Energy Infrastructure

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.