Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Average Rating of “Buy” from Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been assigned a consensus recommendation of “Buy” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.1111.

Several equities analysts recently commented on the company. Zacks Research cut Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Barclays boosted their price objective on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Piper Sandler raised their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Citigroup boosted their price target on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday.

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $46.69 on Thursday. The company’s 50 day simple moving average is $46.83 and its two-hundred day simple moving average is $35.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. Solaris Energy Infrastructure has a 1 year low of $14.27 and a 1 year high of $57.17. The stock has a market capitalization of $3.20 billion, a PE ratio of 49.67 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. The firm had revenue of $166.84 million during the quarter, compared to analyst estimates of $142.82 million. Analysts predict that Solaris Energy Infrastructure will post 0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO William A. Zartler bought 10,000 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $24.83 per share, with a total value of $248,300.00. Following the completion of the purchase, the chief executive officer directly owned 1,049,227 shares in the company, valued at $26,052,306.41. This represents a 0.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kyle S. Ramachandran acquired 2,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price 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 in the company, valued at approximately $9,258,450. The trade was a 0.54% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 21.20% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Large investors have recently added to or reduced their stakes in the business. Informed Momentum Co LLC bought a new stake in shares of Solaris Energy Infrastructure in the first quarter worth approximately $2,458,000. Vanguard Group Inc. purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $35,060,000. Russell Investments Group Ltd. purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $1,695,000. Deutsche Bank AG bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $1,597,000. Finally, AE Wealth Management LLC grew its holdings in shares of Solaris Energy Infrastructure by 39.7% in the second quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock worth $3,398,000 after acquiring an additional 34,164 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

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.