James R. Burke Sells 8,000 Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Stock

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director James R. Burke sold 8,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the sale, the director now directly owns 16,277 shares of the company’s stock, valued at $272,151.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Solaris Energy Infrastructure Stock Down 3.0 %

NASDAQ:SEI opened at $17.82 on Thursday. The company has a market cap of $784.08 million, a price-to-earnings ratio of 40.50 and a beta of 1.22. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $18.75. The company has a current ratio of 3.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued 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). The firm had revenue of $75.02 million during the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.19 earnings per share. On average, analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.35 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 2.69%. Solaris Energy Infrastructure’s payout ratio is 109.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SEI. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $15.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, November 6th.

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.