Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $63.00

Solaris Energy Infrastructure (NYSE:SEI) had its target price boosted by stock analysts at Barclays from $61.00 to $63.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 20.44% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Morgan Stanley initiated coverage on Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 target price on the stock. UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. 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. Northland Securities set a $70.00 target price on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.22.

Solaris Energy Infrastructure Price Performance

NYSE SEI traded down $2.91 on Thursday, hitting $52.31. The stock had a trading volume of 310,459 shares, compared to its average volume of 2,856,646. Solaris Energy Infrastructure has a 52-week low of $14.27 and a 52-week high of $61.36. 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 company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 73.68 and a beta of 1.14. The firm has a 50-day moving average of $51.41 and a 200-day moving average of $45.28.

Solaris Energy Infrastructure (NYSE:SEI) last released 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 firm had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 12.06%. Equities analysts expect that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague bought 2,310 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $43.13 per share, with a total value of $99,630.30. Following the acquisition, the director owned 106,465 shares in the company, valued at approximately $4,591,835.45. This trade represents a 2.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction on 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 completion of the transaction, the insider owned 131,152 shares in the company, valued at approximately $5,852,002.24. The trade was a 26.39% decrease in their position. The SEC filing for this sale provides additional information. 21.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors have recently added to or reduced their stakes in the business. Hiddenite Capital Partners LP bought a new stake in Solaris Energy Infrastructure in the third quarter valued at $13,990,000. CenterBook Partners LP lifted its position in shares of Solaris Energy Infrastructure by 513.1% in the 3rd quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after purchasing an additional 347,693 shares during the period. AE Wealth Management LLC lifted its position in shares of Solaris Energy Infrastructure by 39.7% in the 2nd quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock worth $3,398,000 after purchasing an additional 34,164 shares during the period. AGF Management Ltd. bought a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at about $6,613,000. Finally, Ardsley Advisory Partners LP purchased a new position in shares of Solaris Energy Infrastructure during the second quarter valued at about $566,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.