Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $104.00

Solaris Energy Infrastructure (NYSE:SEI) had its price objective increased by research analysts at Citigroup from $100.00 to $104.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price objective suggests a potential upside of 67.44% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Barclays increased their target price on shares of Solaris Energy Infrastructure from $116.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday. Northland Securities set a $111.00 price target on shares of Solaris Energy Infrastructure in a report on Wednesday, September 16th. Zacks Research upgraded Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Morgan Stanley increased their price objective on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Wall Street Zen raised Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $98.69.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE SEI traded up $4.34 during mid-day trading on Monday, reaching $62.11. 1,422,286 shares of the company’s stock were exchanged, compared to its average volume of 2,818,646. The firm has a 50-day moving average price of $65.69 and a two-hundred day moving average price of $63.36. 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 firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 64.81 and a beta of 1.40. Solaris Energy Infrastructure has a 52 week low of $38.50 and a 52 week high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.23. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 14.56%. The company had revenue of $341.09 million during the quarter. Analysts predict that Solaris Energy Infrastructure will post 1.37 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague purchased 3,900 shares of the stock in a transaction dated Tuesday, September 8th. The shares were bought at an average price of $64.21 per share, with a total value of $250,419.00. Following the completion of the transaction, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.23% of the stock is owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in shares of Solaris Energy Infrastructure by 16.7% in the third quarter. Bessemer Group Inc. now owns 216,072 shares of the company’s stock worth $15,381,000 after acquiring an additional 30,891 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $72,000. Royce & Associates LP raised its stake in shares of Solaris Energy Infrastructure by 3.2% during the 3rd quarter. Royce & Associates LP now owns 344,335 shares of the company’s stock valued at $24,510,000 after purchasing an additional 10,788 shares during the period. Allworth Financial LP lifted its holdings in Solaris Energy Infrastructure by 591.9% during the 3rd quarter. Allworth Financial LP now owns 512 shares of the company’s stock worth $36,000 after purchasing an additional 438 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Solaris Energy Infrastructure by 860.7% during the 3rd quarter. Fifth Third Bancorp now owns 35,583 shares of the company’s stock worth $2,533,000 after purchasing an additional 31,879 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells.

The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S.