Solaris Energy Infrastructure (NASDAQ:SEI) Now Covered by Analysts at Tudor, Pickering, Holt & Co.

Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI) in a research report sent to investors on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $41.00 target price on the stock.

SEI has been the subject of several other reports. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price objective (up from $23.00) on shares of Solaris Energy Infrastructure in a research report on Thursday, December 5th. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th.

Solaris Energy Infrastructure Price Performance

SEI stock opened at $34.67 on Wednesday. Solaris Energy Infrastructure has a 1 year low of $7.15 and a 1 year high of $35.61. 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 firm has a market cap of $2.33 billion, a PE ratio of 78.81 and a beta of 1.38. The stock’s 50 day moving average is $26.81.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $75.02 million during the quarter, compared to the consensus estimate of $76.50 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. During the same quarter last year, the business earned $0.19 EPS. On average, equities research analysts anticipate that Solaris Energy Infrastructure will post 0.39 EPS for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The business 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure’s payout ratio is 109.09%.

Insider Activity

In related news, Director James R. Burke sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $16.72, for a total value 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 32.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 34.71% of the company’s stock.

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.