Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives $59.36 Consensus PT from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $59.3636.

A number of equities research analysts recently issued reports on SEI shares. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. UBS Group set a $65.00 price objective on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Barclays lifted their target price on shares of Solaris Energy Infrastructure from $63.00 to $74.00 and gave the company an “overweight” rating in a research report on Tuesday, March 17th. Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Hedge funds have recently made changes to their positions in the company. CenterBook Partners LP boosted its stake in Solaris Energy Infrastructure by 513.1% during the 3rd quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after purchasing an additional 347,693 shares during the last quarter. Advent International L.P. purchased a new stake in shares of Solaris Energy Infrastructure during the third quarter worth $40,246,000. Hiddenite Capital Partners LP acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at about $13,990,000. AGF Management Ltd. purchased a new position in shares of Solaris Energy Infrastructure in the third quarter worth about $6,613,000. Finally, Ardsley Advisory Partners LP purchased a new position in shares of Solaris Energy Infrastructure in the second quarter worth about $566,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

NYSE:SEI opened at $55.49 on Wednesday. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. Solaris Energy Infrastructure has a 52 week low of $14.27 and a 52 week high of $70.17. The stock’s 50-day moving average price is $54.41 and its 200-day moving average price is $50.20. The stock has a market capitalization of $3.80 billion, a PE ratio of 78.15 and a beta of 1.05.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The company had revenue of $179.70 million for the quarter. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%. As a group, equities analysts expect that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

About Solaris Energy Infrastructure

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.