Stifel Nicolaus Reiterates “Buy” Rating for Solaris Energy Infrastructure (NASDAQ:SEI)

Solaris Energy Infrastructure (NASDAQ:SEI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a note issued to investors on Friday,Benzinga reports. They currently have a $45.00 price objective on the stock, up from their previous price objective of $41.00. Stifel Nicolaus’ price target indicates a potential upside of 38.31% from the company’s previous close.

A number of other brokerages have also issued reports on SEI. Citigroup assumed coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a “buy” rating for the company. Vertical Research started coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a “buy” rating and a $36.00 target price on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $38.00 price objective (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday. Northland Capmk raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Barclays decreased their target price on shares of Solaris Energy Infrastructure from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $41.78.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $32.54 on Friday. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 73.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The business has a fifty day moving average of $28.68 and a 200 day moving average of $26.12. Solaris Energy Infrastructure has a 1 year low of $10.96 and a 1 year high of $39.03.

Insider Activity

In other news, Director Aj Teague purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $26.77 per share, with a total value of $26,770.00. Following the completion of the acquisition, the director directly owned 98,459 shares of the company’s stock, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William A. Zartler purchased 10,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 12,000 shares of company stock valued at $267,150 over the last three months. 21.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SEI. Encompass Capital Advisors LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at about $78,967,000. Driehaus Capital Management LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at about $44,073,000. Vanguard Group Inc. purchased a new position in Solaris Energy Infrastructure in the first quarter valued at about $35,060,000. Westwood Holdings Group Inc. purchased a new position in Solaris Energy Infrastructure in the first quarter valued at about $29,298,000. Finally, Millennium Management LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at about $24,335,000. 67.44% of the stock is owned by hedge funds and other 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.