Solaris Energy Infrastructure (NASDAQ:SEI) Issues Earnings Results, Misses Estimates By $0.06 EPS

Solaris Energy Infrastructure (NASDAQ:SEI) announced its quarterly earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06), Zacks reports. Solaris Energy Infrastructure had a net margin of 7.04% and a return on equity of 9.04%. The business had revenue of $75.02 million during the quarter, compared to analyst estimates of $76.50 million. During the same period last year, the company earned $0.19 earnings per share.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock traded down $0.07 during trading hours on Tuesday, hitting $13.56. 44,794 shares of the company were exchanged, compared to its average volume of 364,294. Solaris Energy Infrastructure has a 1 year low of $6.59 and a 1 year high of $14.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 1.10. The stock has a market capitalization of $596.64 million, a PE ratio of 21.30 and a beta of 1.22.

Analyst Ratings Changes

Separately, Stifel Nicolaus upped their price target on Solaris Energy Infrastructure from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, October 11th.

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.