Solaris Energy Infrastructure, Inc. (SEI) To Go Ex-Dividend on December 6th

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) declared a quarterly dividend on Monday, November 4th,Wall Street Journal reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.12 per share on Monday, December 16th. This represents a $0.48 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, December 6th.

Solaris Energy Infrastructure Price Performance

NASDAQ:SEI opened at $24.12 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. Solaris Energy Infrastructure has a 1-year low of $6.59 and a 1-year high of $25.09. The firm has a market capitalization of $1.46 billion, a P/E ratio of 54.82 and a beta of 1.45.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $75.02 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business posted $0.19 EPS. As a group, equities research analysts predict that Solaris Energy Infrastructure will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SEI has been the topic of a number of recent research reports. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $15.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of the business’s stock in a transaction 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 sale, the director now owns 16,277 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 34.71% of the stock is owned by corporate insiders.

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.