Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 7.3% – Should You Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shot up 7.3% during trading on Tuesday . The company traded as high as $22.78 and last traded at $22.81. 632,728 shares were traded during trading, a decline of 45% from the average session volume of 1,156,979 shares. The stock had previously closed at $21.26.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SEI shares. Piper Sandler began coverage on Solaris Energy Infrastructure in a research report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price objective for the company. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Finally, Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price target for the company. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $45.75.

Solaris Energy Infrastructure Trading Down 8.8 %

The company has a market capitalization of $1.54 billion, a P/E ratio of 52.30 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company’s 50 day simple moving average is $29.07.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 97.96%.

Insider Activity

In other news, Director Laurie H. Argo acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $22.43 per share, with a total value of $89,720.00. Following the transaction, the director now directly owns 46,064 shares in the company, valued at approximately $1,033,215.52. The trade was a 9.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 34.71% of the company’s stock.

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.