Solaris Energy Infrastructure (NASDAQ:SEI) Upgraded at Tudor Pickering

Tudor Pickering upgraded shares of Solaris Energy Infrastructure (NASDAQ:SEI) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on SEI. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a research report on Wednesday. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ:SEI opened at $35.16 on Wednesday. The firm has a market capitalization of $2.36 billion, a PE ratio of 79.91 and a beta of 1.38. The business has a 50-day moving average of $27.46. Solaris Energy Infrastructure has a fifty-two week low of $7.15 and a fifty-two week high of $36.52. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its earnings results on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The company had revenue of $75.02 million during the quarter, compared to analyst estimates of $76.50 million. During the same quarter last year, the firm posted $0.19 earnings per share. As a group, research analysts expect that Solaris Energy Infrastructure will post 0.39 EPS for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, December 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 1.37%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is 109.09%.

Insider Transactions at Solaris Energy Infrastructure

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 value of $133,760.00. Following the sale, the director now owns 16,277 shares of the company’s stock, valued at $272,151.44. The trade was a 32.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 34.71% of the stock is owned by insiders.

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.