Solaris Energy Infrastructure (NASDAQ:SEI) Upgraded at Tudor Pickering

Tudor Pickering upgraded shares of Solaris Energy Infrastructure (NASDAQ:SEI) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on 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. Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a report on Wednesday. They set a “buy” rating and a $41.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday.

Solaris Energy Infrastructure Stock Up 4.6 %

NASDAQ:SEI opened at $35.16 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 79.91 and a beta of 1.38. Solaris Energy Infrastructure has a 12 month low of $7.15 and a 12 month high of $36.52. The company has a 50-day moving average price of $27.46.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The business had revenue of $75.02 million during the quarter, compared to analyst estimates of $76.50 million. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, research analysts expect that Solaris Energy Infrastructure will post 0.39 EPS for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 109.09%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director James R. Burke sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the sale, the director now directly owns 16,277 shares of the company’s stock, valued at $272,151.44. The trade was a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.