Solaris Energy Infrastructure (NYSE:SEI) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Solaris Energy Infrastructure (NYSE:SEI) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Citigroup lifted their price target on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley increased their price objective on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Glj Research assumed coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a “buy” rating and a $60.00 target price for the company. Barclays upped their price target on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a research note on Friday, June 12th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.18.

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $73.23 on Tuesday. Solaris Energy Infrastructure has a 52-week low of $24.57 and a 52-week high of $86.19. The company has a 50-day simple moving average of $74.27 and a 200 day simple moving average of $60.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The company has a market capitalization of $5.39 billion, a PE ratio of 82.28 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. The firm had revenue of $196.24 million for the quarter. On average, research analysts predict that Solaris Energy Infrastructure will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director W Howard Keenan, Jr. sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $74.50, for a total transaction of $149,000,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total value of $378,976.00. Following the sale, the director owned 44,839 shares in the company, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,099,593 shares of company stock worth $297,782,099 in the last three months. Insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure during the fourth quarter valued at about $28,000. Strs Ohio purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter worth about $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Solaris Energy Infrastructure in the third quarter worth about $31,000. Finally, Larson Financial Group LLC boosted its position in shares of Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after acquiring an additional 795 shares during the period. 67.44% of the stock is currently owned by 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.