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

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been assigned an average rating of “Buy” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $52.80.

A number of equities analysts have issued reports on SEI shares. Barclays lifted their price objective on shares of 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 upped their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Citigroup lifted their target price on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Northland Securities set a $61.00 target price on Solaris Energy Infrastructure in a research note on Thursday, October 9th. Finally, Morgan Stanley began coverage on Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price target for the company.

Solaris Energy Infrastructure Price Performance

SEI stock opened at $44.74 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39. The business has a 50-day simple moving average of $48.47 and a two-hundred day simple moving average of $38.65. The company has a market capitalization of $3.06 billion, a P/E ratio of 47.60 and a beta of 1.14. Solaris Energy Infrastructure has a 52-week low of $14.27 and a 52-week high of $57.17.

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

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo sold 2,300 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the transaction, the director owned 50,039 shares in the company, valued at approximately $2,214,225.75. This represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cynthia M. Durrett sold 47,011 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the sale, the insider owned 131,152 shares of the company’s stock, valued at $5,852,002.24. This trade represents a 26.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,164,094 shares of company stock worth $108,255,773. Company insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Large investors have recently modified their holdings of the stock. Hudson Bay Capital Management LP purchased a new position in Solaris Energy Infrastructure in the third quarter valued at approximately $1,204,000. Tudor Investment Corp ET AL raised its stake in shares of Solaris Energy Infrastructure by 18.1% in the third quarter. Tudor Investment Corp ET AL now owns 468,187 shares of the company’s stock valued at $18,713,000 after buying an additional 71,796 shares during the period. Penn Capital Management Company LLC lifted its position in shares of Solaris Energy Infrastructure by 21.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 17,377 shares of the company’s stock valued at $695,000 after buying an additional 3,097 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $244,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Solaris Energy Infrastructure during the 3rd quarter worth $400,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

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.