Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Down - Should You Sell?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $34.98, but opened at $29.05. Solaris Energy Infrastructure shares last traded at $28.98, with a volume of 687,807 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SEI. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a "neutral" rating to an "outperform" rating in a research report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a "buy" rating in a research note on Friday. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 price objective for the company. Finally, Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd.

Solaris Energy Infrastructure Price Performance

The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.62 billion, a PE ratio of 55.01 and a beta of 1.38. The company has a 50 day moving average of $27.79.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $76.50 million. Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. During the same period in the previous year, the company earned $0.19 EPS. As a group, research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.39 earnings per share for the current year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Friday, December 6th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 109.09%.

Insider Activity

In related news, Director James R. Burke sold 8,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the sale, the director now directly owns 16,277 shares in the company, valued at approximately $272,151.44. This trade represents a 32.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 34.71% of the company's stock.

Solaris Energy Infrastructure Company Profile

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.