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

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been given an average recommendation of “Buy” by the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $53.70.

A number of equities analysts have recently commented on the company. Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Citigroup lifted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Morgan Stanley assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective for the company. Barclays boosted their target price on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday, December 29th.

Solaris Energy Infrastructure Price Performance

NYSE SEI opened at $55.64 on Friday. Solaris Energy Infrastructure has a 1 year low of $14.27 and a 1 year high of $57.31. The company has a fifty day simple moving average of $48.23 and a 200 day simple moving average of $40.64. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $3.81 billion, a P/E ratio of 59.19 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Monday, November 3rd. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $142.82 million. On average, sell-side analysts predict that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $50.15, for a total value of $106,056,367.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aj Teague acquired 2,310 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $43.13 per share, for a total transaction of $99,630.30. Following the acquisition, the director directly owned 106,465 shares in the company, valued at $4,591,835.45. This represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 2,164,094 shares of company stock valued at $108,255,773 in the last quarter. 21.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Solaris Energy Infrastructure by 623.5% during the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after buying an additional 1,116,794 shares in the last quarter. Advent International L.P. bought a new position in shares of Solaris Energy Infrastructure during the 3rd quarter worth about $40,246,000. Ceredex Value Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at about $35,050,000. Goodlander Investment Management LLC bought a new stake in Solaris Energy Infrastructure in the second quarter valued at about $19,803,000. Finally, Honeycomb Asset Management LP acquired a new position in Solaris Energy Infrastructure in the second quarter worth about $19,011,000. 67.44% of the stock is owned by institutional investors.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.