Solaris Energy Infrastructure (NYSE:SEI) Posts Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Solaris Energy Infrastructure (NYSE:SEI) issued its quarterly earnings results on Wednesday. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23, Zacks reports. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. The firm had revenue of $341.09 million for the quarter.

Solaris Energy Infrastructure Stock Down 17.2%

NYSE:SEI traded down $11.95 on Wednesday, reaching $57.42. 8,375,907 shares of the stock traded hands, compared to its average volume of 2,799,324. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 67.55 and a beta of 1.40. Solaris Energy Infrastructure has a 12 month low of $38.50 and a 12 month high of $86.19. The company’s fifty day simple moving average is $65.63 and its 200 day simple moving average is $63.38.

Analyst Ratings Changes

Several research firms recently weighed in on SEI. Weiss Ratings downgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Barclays lifted their price objective on Solaris Energy Infrastructure from $90.00 to $116.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. Wall Street Zen raised Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Finally, Stifel Nicolaus increased their target price on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $94.08.

Insider Activity

In other news, Director A. Teague bought 3,900 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the purchase, the director owned 116,865 shares in the company, valued at approximately $7,503,901.65. This represents a 3.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the company. Concurrent Investment Advisors LLC raised its holdings in Solaris Energy Infrastructure by 4.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company’s stock worth $572,000 after acquiring an additional 300 shares during the last quarter. Balefire LLC boosted its stake in Solaris Energy Infrastructure by 12.3% during the 3rd quarter. Balefire LLC now owns 3,109 shares of the company’s stock valued at $221,000 after purchasing an additional 341 shares during the last quarter. Gibbs Wealth Management boosted its stake in Solaris Energy Infrastructure by 7.3% during the 3rd quarter. Gibbs Wealth Management now owns 6,812 shares of the company’s stock valued at $485,000 after purchasing an additional 461 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Solaris Energy Infrastructure by 590.9% in the 3rd quarter. Parallel Advisors LLC now owns 684 shares of the company’s stock worth $49,000 after purchasing an additional 585 shares in the last quarter. Finally, Bosman Wealth Management LLC increased its holdings in shares of Solaris Energy Infrastructure by 18.2% in the 3rd quarter. Bosman Wealth Management LLC now owns 3,882 shares of the company’s stock worth $276,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.