Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $140.00

Solaris Energy Infrastructure (NYSE:SEI) had its price target boosted by equities research analysts at Barclays from $116.00 to $140.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 144.61% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group set a $113.00 price target on shares of Solaris Energy Infrastructure in a report on Friday. Stifel Nicolaus boosted their price objective on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Citigroup upped their target price on Solaris Energy Infrastructure from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Raymond James Financial upgraded Solaris Energy Infrastructure from an “outperform” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a research note on Friday. Finally, Wall Street Zen upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $98.15.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE:SEI traded up $6.68 on Friday, hitting $57.23. The company had a trading volume of 1,366,451 shares, compared to its average volume of 2,812,071. Solaris Energy Infrastructure has a 1-year low of $38.50 and a 1-year high of $86.19. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 59.17 and a beta of 1.40. The stock has a 50 day moving average price of $65.59 and a 200 day moving average price of $63.35. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23.

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

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director A. Teague purchased 3,900 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average cost of $64.21 per share, with a total value of $250,419.00. Following the completion of the transaction, the director owned 116,865 shares in the company, valued at $7,503,901.65. The trade was a 3.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Readystate Asset Management LP bought a new position in shares of Solaris Energy Infrastructure in the 2nd quarter valued at $3,058,000. Two Seas Capital LP acquired a new position in Solaris Energy Infrastructure during the third quarter worth about $56,007,000. Rokos Capital Management LLP acquired a new position in Solaris Energy Infrastructure during the first quarter worth about $1,900,000. Ranger Investment Management L.P. bought a new position in shares of Solaris Energy Infrastructure in the second quarter worth about $46,967,000. Finally, Situational Awareness LP lifted its holdings in shares of Solaris Energy Infrastructure by 2.2% in the second quarter. Situational Awareness LP now owns 1,129,621 shares of the company’s stock worth $90,889,000 after acquiring an additional 24,070 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

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.