Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Up 7.3% – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares shot up 7.3% during trading on Tuesday . The company traded as high as $22.78 and last traded at $22.81. 632,728 shares traded hands during trading, a decline of 45% from the average session volume of 1,156,979 shares. The stock had previously closed at $21.26.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SEI. Piper Sandler assumed coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 target price for the company. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price objective for the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus raised their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target for the company. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Trading Down 8.8 %

The company’s fifty day moving average price is $29.07. 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 $1.54 billion, a price-to-earnings ratio of 52.30 and a beta of 1.32.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is 97.96%.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the purchase, the director now owns 46,064 shares of the company’s stock, valued at approximately $1,033,215.52. This trade represents a 9.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 34.71% of the stock is owned by corporate insiders.

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.