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

Solaris Energy Infrastructure, Inc. (NYSE:SEI) gapped down prior to trading on Wednesday . The stock had previously closed at $53.46, but opened at $50.45. Solaris Energy Infrastructure shares last traded at $50.96, with a volume of 656,579 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on SEI shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Morgan Stanley initiated coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price target on the stock. Piper Sandler boosted their price objective on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.22.

Solaris Energy Infrastructure Stock Performance

The company has a fifty day moving average price of $51.57 and a two-hundred day moving average price of $45.31. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 69.86 and a beta of 1.14. 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 (NYSE:SEI) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 12.06%. The firm had revenue of $179.70 million for the quarter. As a group, equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, CEO Amanda M. Brock acquired 3,669 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $40.89 per share, for a total transaction of $150,025.41. Following the transaction, the chief executive officer owned 141,080 shares of the company’s stock, valued at approximately $5,768,761.20. The trade was a 2.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total value of $101,775.00. Following the sale, the director directly owned 50,039 shares of the company’s stock, valued at approximately $2,214,225.75. This represents a 4.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.20% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada purchased a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $477,000. AQR Capital Management LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $396,000. Goldman Sachs Group Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $13,714,000. Finally, Strs Ohio purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter worth approximately $28,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

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.