Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives Average Rating of “Buy” from Brokerages

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) has been given an average rating of “Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.75.

SEI has been the subject of several research analyst reports. Piper Sandler initiated 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 upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 target price for the company. Stifel Nicolaus raised their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th.

Solaris Energy Infrastructure Trading Down 7.4 %

SEI stock opened at $31.62 on Tuesday. The stock has a 50-day simple moving average of $29.59. Solaris Energy Infrastructure has a 1-year low of $7.97 and a 1-year high of $39.03. 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 market cap of $2.12 billion, a price-to-earnings ratio of 71.86 and a beta of 1.35.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 97.96%.

About Solaris Energy Infrastructure

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.