Solaris Energy Infrastructure (NYSE:SEI) Coverage Initiated at Wells Fargo & Company

Analysts at Wells Fargo & Company initiated coverage on shares of Solaris Energy Infrastructure (NYSE:SEI) in a research note issued on Friday, MarketBeat reports. The firm set an “equal weight” rating and a $71.00 price target on the stock. Wells Fargo & Company‘s price target points to a potential upside of 15.07% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a research report on Monday, January 5th. Glj Research initiated coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, March 5th. They set a “buy” rating and a $60.00 price target for the company. Barclays lifted their price objective on shares of Solaris Energy Infrastructure from $63.00 to $74.00 and gave the company an “overweight” rating in a report on Tuesday, March 17th. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Raymond James Financial restated an “outperform” rating on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.36.

Solaris Energy Infrastructure Price Performance

SEI stock opened at $61.70 on Friday. The stock has a 50-day moving average price of $53.84 and a two-hundred day moving average price of $48.30. Solaris Energy Infrastructure has a 1 year low of $14.27 and a 1 year high of $70.17. The stock has a market cap of $4.22 billion, a PE ratio of 86.90 and a beta of 1.13. The company has a current ratio of 2.96, a quick ratio of 2.87 and a debt-to-equity ratio of 1.37.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $179.70 million for the quarter. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%. Equities analysts forecast that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $477,000. AQR Capital Management LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at $396,000. Goldman Sachs Group Inc. acquired a new position in Solaris Energy Infrastructure during the first quarter worth $13,714,000. Finally, Strs Ohio acquired a new position in Solaris Energy Infrastructure during the first quarter worth $28,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

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.