Solaris Energy Infrastructure (NASDAQ:SEI) Price Target Raised to $48.00

Solaris Energy Infrastructure (NASDAQ:SEI) had its price objective raised by Stifel Nicolaus from $42.00 to $48.00 in a report published on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

SEI has been the subject of several other reports. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Piper Sandler began coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an “overweight” rating and a $37.00 price target for the company. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Finally, Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price for the company. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $45.75.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $32.85 on Monday. The company has a 50-day moving average of $29.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 74.66 and a beta of 1.35. Solaris Energy Infrastructure has a fifty-two week low of $7.49 and a fifty-two week high of $39.03.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is currently 97.96%.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.