Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives $51.11 Average Price Target from Analysts

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

SEI has been the subject of several research reports. Piper Sandler increased their price objective 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday, November 24th. 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. Zacks Research cut Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Barclays raised their price objective on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th.

Insider Buying and Selling

In other news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total value of $106,056,367.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the acquisition, the chief executive officer directly owned 1,049,227 shares in the company, valued at $26,052,306.41. The trade was a 0.96% increase in their position. The SEC filing for this purchase provides additional information. 21.20% of the stock is owned by corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors have recently added to or reduced their stakes in SEI. Penn Capital Management Company LLC grew its stake in shares of Solaris Energy Infrastructure by 21.7% during the third 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 Solaris Energy Infrastructure during the 3rd quarter valued at $244,000. CIBC Bancorp USA Inc. bought a new position in Solaris Energy Infrastructure in the 3rd quarter valued at $400,000. Coldstream Capital Management Inc. bought a new position in Solaris Energy Infrastructure in the 3rd quarter valued at $602,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Solaris Energy Infrastructure in the third quarter worth $31,000. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $47.89 on Thursday. 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 business has a 50 day simple moving average of $47.24 and a two-hundred day simple moving average of $35.45. The stock has a market capitalization of $3.28 billion, a PE ratio of 50.95 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last posted its 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 return on equity of 9.38% and a net margin of 7.02%.The firm had revenue of $166.84 million during the quarter, compared to the consensus estimate of $142.82 million. On average, research analysts predict that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Solaris Energy Infrastructure Company Profile

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.