Solaris Energy Infrastructure (NYSE:SEI) Rating Lowered to Hold at Zacks Research

Solaris Energy Infrastructure (NYSE:SEI) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on SEI. 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. 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 note on Monday. Wall Street Zen raised shares of Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Stifel Nicolaus restated a “buy” rating and issued a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Finally, 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 note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $51.11.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE:SEI opened at $44.64 on Tuesday. The business’s 50-day simple moving average is $45.54 and its 200 day simple moving average is $34.32. The company has a market cap of $3.06 billion, a P/E ratio of 47.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39. Solaris Energy Infrastructure has a one year low of $14.27 and a one year high of $57.17.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $166.84 million for the quarter, compared to analyst estimates of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. On average, sell-side analysts forecast that Solaris Energy Infrastructure will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 acquired at an average price of $24.83 per share, with a total value of $248,300.00. Following the acquisition, the chief executive officer owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. This trade represents a 0.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher M. Powell sold 12,750 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total value of $382,500.00. Following the transaction, the insider owned 130,615 shares of the company’s stock, valued at approximately $3,918,450. The trade was a 8.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,137,533 shares of company stock valued at $106,727,467 over the last 90 days. 21.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of SEI. Encompass Capital Advisors LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $78,967,000. Driehaus Capital Management LLC acquired a new stake in Solaris Energy Infrastructure in the first quarter worth about $44,073,000. Vanguard Group Inc. acquired a new stake in Solaris Energy Infrastructure in the first quarter worth about $35,060,000. Westwood Holdings Group Inc. bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $29,298,000. Finally, Millennium Management LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $24,335,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.