Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Given Consensus Rating of "Buy" by Brokerages

Key Points

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Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) have been assigned an average recommendation of "Buy" from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $43.6667.

A number of research firms recently issued reports on SEI. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Wednesday, June 25th. Barclays upped their price target on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Citigroup began coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, Vertical Research began coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price target on the stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. bought a new position in shares of Solaris Energy Infrastructure in the second quarter worth about $25,000. Strs Ohio bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $28,000. Wayfinding Financial LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $29,000. US Bancorp DE bought a new position in Solaris Energy Infrastructure during the 1st quarter worth about $38,000. Finally, Nisa Investment Advisors LLC bought a new position in Solaris Energy Infrastructure during the 1st quarter worth about $41,000. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ:SEI traded up $0.6090 during midday trading on Tuesday, reaching $28.6890. 1,324,755 shares of the company were exchanged, compared to its average volume of 1,528,035. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The business's fifty day moving average is $29.97 and its two-hundred day moving average is $26.18. Solaris Energy Infrastructure has a one year low of $10.96 and a one year high of $39.03. The stock has a market cap of $1.94 billion, a PE ratio of 65.20 and a beta of 1.14.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. Solaris Energy Infrastructure's dividend payout ratio is presently 81.36%.

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.