Solaris Energy Infrastructure (NASDAQ:SEI) Trading Down 6.3% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) dropped 6.3% during mid-day trading on Thursday . The stock traded as low as $26.20 and last traded at $26.21. Approximately 262,688 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 982,425 shares. The stock had previously closed at $27.97.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SEI shares. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Stifel Nicolaus increased their price target on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price target for the company. Finally, Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd.

Solaris Energy Infrastructure Trading Down 5.7 %

The stock has a market capitalization of $1.77 billion, a PE ratio of 59.97 and a beta of 1.35. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company’s 50-day simple moving average is $28.50.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly 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 net margin of 4.80% and a return on equity of 6.66%. The firm had revenue of $75.02 million for the quarter, compared to analysts’ expectations of $76.50 million. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

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.