Solaris Energy Infrastructure (NASDAQ:SEI) Raised to “Outperform” at Pickering Energy Partners

Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure (NASDAQ:SEI) from a neutral rating to an outperform rating in a research note published on Wednesday, MarketBeat Ratings reports.

Separately, Stifel Nicolaus raised their target price on Solaris Energy Infrastructure from $14.00 to $15.00 and gave the company a “buy” rating in a report on Friday, October 11th.

Solaris Energy Infrastructure Stock Up 3.9 %

Shares of Solaris Energy Infrastructure stock traded up $0.65 during trading on Wednesday, hitting $17.15. 318,809 shares of the stock traded hands, compared to its average volume of 372,766. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 1.10. The firm has a market cap of $754.60 million, a price-to-earnings ratio of 38.98 and a beta of 1.22. Solaris Energy Infrastructure has a twelve month low of $6.59 and a twelve month high of $17.19.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Solaris Energy Infrastructure had a return on equity of 7.62% and a net margin of 4.80%. The business had revenue of $73.89 million for the quarter, compared to analyst estimates of $70.00 million. On average, equities research analysts expect that Solaris Energy Infrastructure will post 0.52 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is presently 109.09%.

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.