Solaris Energy Infrastructure (NYSE:SEI) Stock Price Down 8.2% – Should You Sell?

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) were down 8.2% during mid-day trading on Wednesday . The stock traded as low as $56.03 and last traded at $56.85. 581,737 shares were traded during mid-day trading, a decline of 79% from the average session volume of 2,750,961 shares. The stock had previously closed at $61.94.

Analyst Ratings Changes

SEI has been the subject of a number of recent research reports. Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a research note on Friday, June 12th. Raymond James Financial reissued an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Zacks Research lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Morgan Stanley upped their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Finally, Wells Fargo & Company upgraded shares of Solaris Energy Infrastructure from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $82.00 to $73.00 in a research report on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and an average target price of $86.33.

Solaris Energy Infrastructure Stock Performance

The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. The business has a 50-day simple moving average of $66.04 and a 200 day simple moving average of $63.51. The firm has a market cap of $4.41 billion, a PE ratio of 67.72 and a beta of 1.23.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%.The firm had revenue of $219.40 million for the quarter. Equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.9 EPS for the current year.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several large investors have recently added to or reduced their stakes in SEI. Maxi Investments CY Ltd bought a new position in Solaris Energy Infrastructure during the fourth quarter valued at approximately $4,765,000. Situational Awareness LP grew its holdings in shares of Solaris Energy Infrastructure by 62.3% in the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares in the last quarter. Dockside LLC bought a new stake in Solaris Energy Infrastructure in the fourth quarter worth $3,803,000. Principal Financial Group Inc. lifted its position in Solaris Energy Infrastructure by 2,120.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after purchasing an additional 1,400,311 shares during the last quarter. Finally, Rokos Capital Management LLP purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $1,900,000. 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.