Stifel Nicolaus Lowers Solaris Energy Infrastructure (NASDAQ:SEI) Price Target to $41.00

Solaris Energy Infrastructure (NASDAQ:SEI) had its price objective dropped by stock analysts at Stifel Nicolaus from $45.00 to $41.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 41.03% from the stock’s previous close.

Several other equities research analysts also recently issued reports on SEI. Piper Sandler raised their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Raymond James Financial began coverage on Solaris Energy Infrastructure in a research note on Friday, June 13th. They issued an “outperform” rating and a $39.00 price target for the company. Barclays initiated coverage on Solaris Energy Infrastructure in a research note on Friday, June 6th. They issued an “overweight” rating and a $42.00 price target for the company. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday, June 25th. Finally, Northland Capmk upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $41.78.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $29.07 on Wednesday. The stock has a market capitalization of $1.96 billion, a P/E ratio of 66.07 and a beta of 1.09. Solaris Energy Infrastructure has a twelve month low of $10.96 and a twelve month high of $39.03. The company has a 50 day moving average of $27.75 and a 200-day moving average of $26.11. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the acquisition, the chief executive officer directly owned 1,039,227 shares in the company, valued at $22,634,364.06. This trade represents a 0.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aj Teague bought 1,000 shares of the stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the acquisition, the director owned 98,459 shares of the company’s stock, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 12,000 shares of company stock worth $267,150 over the last three months. Insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $52,000. GAMMA Investing LLC purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $435,000. Rhumbline Advisers purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $962,000. Retirement Planning Group LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter worth $802,000. Finally, Riverview Trust Co acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $47,000. 67.44% of the stock is owned by institutional investors.

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.