Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Announces $0.12 Quarterly Dividend

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.12 per share on Friday, March 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, March 11th.

Solaris Energy Infrastructure Trading Down 4.3 %

Shares of NASDAQ SEI opened at $32.35 on Wednesday. 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 has a 50-day simple moving average of $29.14. Solaris Energy Infrastructure has a 52 week low of $7.49 and a 52 week high of $39.03. The firm has a market cap of $2.17 billion, a PE ratio of 73.52 and a beta of 1.35.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price objective on the stock. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a report on Tuesday. They issued a “buy” rating and a $57.00 target price on the stock. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $45.75.

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.