Solaris Energy Infrastructure, Inc. (NYSE:SEI) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have earned an average rating of “Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $47.5556.

A number of brokerages recently weighed in on SEI. Barclays boosted their price target on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Citigroup upped their target price on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a report on Monday, October 13th. Northland Securities set a $61.00 target price on shares of Solaris Energy Infrastructure in a report on Thursday, October 9th. Piper Sandler reduced their target price on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th.

Insiders Place Their Bets

In related news, CEO William A. Zartler bought 10,000 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $24.83 per share, with a total value of $248,300.00. Following the completion of the acquisition, the chief executive officer owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. This represents a 0.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kyle S. Ramachandran bought 2,000 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $25.00 per share, with a total value of $50,000.00. Following the completion of the acquisition, the chief financial officer owned 370,338 shares of the company’s stock, valued at $9,258,450. This represents a 0.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 21.20% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Several large investors have recently modified their holdings of SEI. Assetmark Inc. acquired a new stake in Solaris Energy Infrastructure during the second quarter worth approximately $25,000. Strs Ohio acquired a new stake in Solaris Energy Infrastructure during the first quarter worth approximately $28,000. Wayfinding Financial LLC acquired a new stake in Solaris Energy Infrastructure during the first quarter worth approximately $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure during the first quarter worth approximately $38,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure during the first quarter worth approximately $41,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $53.24 on Friday. The company has a 50 day moving average price of $40.26 and a 200-day moving average price of $31.69. The company has a market capitalization of $3.60 billion, a PE ratio of 90.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. Solaris Energy Infrastructure has a fifty-two week low of $12.78 and a fifty-two week high of $56.14.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Thursday, February 20th. The company reported $0.08 EPS for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. The firm had revenue of $75.02 million during the quarter. As a group, equities analysts forecast that Solaris Energy Infrastructure will post 0.36 earnings per share for the current year.

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.