Brokerages Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) PT at $47.56

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received a consensus recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.5556.

A number of equities research analysts have commented on the company. Zacks Research raised Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Citigroup lifted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Solaris Energy Infrastructure in a research note on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th.

Solaris Energy Infrastructure Price Performance

Solaris Energy Infrastructure stock opened at $53.37 on Friday. Solaris Energy Infrastructure has a one year low of $13.02 and a one year high of $57.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The business has a fifty day moving average of $41.27 and a two-hundred day moving average of $32.28. The company has a market cap of $3.61 billion, a P/E ratio of 56.78 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Monday, November 3rd. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. Solaris Energy Infrastructure had a return on equity of 9.89% and a net margin of 7.02%.The company had revenue of $166.84 million during the quarter, compared to the consensus estimate of $142.82 million. As a group, analysts predict that Solaris Energy Infrastructure will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kyle S. Ramachandran bought 2,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of $25.00 per share, with a total value of $50,000.00. Following the purchase, the chief financial officer owned 370,338 shares in the company, valued at $9,258,450. This represents a 0.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William A. Zartler bought 10,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the purchase, the chief executive officer owned 1,049,227 shares in the company, valued at $26,052,306.41. This represents a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 21.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $29,000. Bank of New York Mellon Corp acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $5,137,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $267,000. Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $41,000. Finally, Cerity Partners LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $264,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.