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

Solaris Energy Infrastructure (NASDAQ:SEIGet Free Report) released its earnings results on Monday. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06), Zacks reports. The company had revenue of $75.02 million for the quarter, compared to analyst estimates of $76.50 million. Solaris Energy Infrastructure had a net margin of 7.04% and a return on equity of 9.04%. During the same quarter in the previous year, the company earned $0.19 earnings per share.

Solaris Energy Infrastructure Stock Performance

SEI opened at $13.63 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22. The company has a market cap of $599.72 million, a PE ratio of 21.30 and a beta of 1.22. Solaris Energy Infrastructure has a 1 year low of $6.59 and a 1 year high of $14.40.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their price objective on shares of Solaris Energy Infrastructure from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, October 11th.

Read Our Latest Stock Analysis on SEI

Solaris Energy Infrastructure Company Profile

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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.

Further Reading

Earnings History for Solaris Energy Infrastructure (NASDAQ:SEI)

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