Solaris Energy Infrastructure (NYSE:SEI) Shares Down 13.5% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares dropped 13.5% during mid-day trading on Friday . The company traded as low as $46.72 and last traded at $46.79. Approximately 1,700,886 shares changed hands during trading, a decline of 21% from the average daily volume of 2,151,426 shares. The stock had previously closed at $54.08.

Wall Street Analysts Forecast Growth

SEI has been the topic of several research reports. Piper Sandler increased their price target on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Barclays increased their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Northland Securities set a $61.00 price target on Solaris Energy Infrastructure in a report on Thursday, October 9th. Morgan Stanley began coverage on Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective on the stock. Finally, Zacks Research downgraded shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $52.80.

Solaris Energy Infrastructure Stock Down 15.2%

The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 48.80 and a beta of 1.14. The firm has a fifty day moving average price of $49.57 and a 200-day moving average price of $37.43. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.32 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 during the quarter, compared to analysts’ expectations of $142.82 million. As a group, sell-side analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In related news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total transaction of $106,056,367.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.20% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $38,000. PNC Financial Services Group Inc. acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $170,000. Vanguard Group Inc. acquired a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $35,060,000. Charles Schwab Investment Management Inc. purchased a new stake in Solaris Energy Infrastructure during the first quarter worth approximately $1,968,000. Finally, Deutsche Bank AG purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $1,597,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.