Solaris Energy Infrastructure (NASDAQ:SEI) Hits New 12-Month High – Still a Buy?

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

Analysts Set New Price Targets

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

Solaris Energy Infrastructure Trading Up 0.6 %

The company’s 50-day moving average price is $25.70. The firm has a market cap of $2.10 billion, a P/E ratio of 71.33 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The company had revenue of $75.02 million during the quarter, compared to analysts’ expectations of $76.50 million. Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. During the same period last year, the company earned $0.19 earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, December 6th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is presently 109.09%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director James R. Burke sold 8,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were 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 in the company, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 34.71% of the company’s stock.

Solaris Energy Infrastructure Company Profile

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.