Solaris Energy Infrastructure (NASDAQ:SEI) Trading Down 10.4% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price fell 10.4% during mid-day trading on Tuesday . The company traded as low as $28.01 and last traded at $28.30. 207,053 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,045,329 shares. The stock had previously closed at $31.57.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SEI shares. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Piper Sandler initiated coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, February 20th. They set an “overweight” rating and a $37.00 target price on the stock. Janney Montgomery Scott started coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 target price on the stock. 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, Stifel Nicolaus upped their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $45.75.

Solaris Energy Infrastructure Stock Down 9.5 %

The firm has a market cap of $1.92 billion, a PE ratio of 65.40 and a beta of 1.35. The business’s 50 day simple moving average is $29.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is currently 97.96%.

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.