Solaris Energy Infrastructure (NYSE:SEI) Shares Down 5.8% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares dropped 5.8% during trading on Tuesday . The stock traded as low as $42.64 and last traded at $43.10. Approximately 262,395 shares changed hands during trading, a decline of 87% from the average daily volume of 2,087,712 shares. The stock had previously closed at $45.73.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SEI. Citigroup raised their price objective on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a report on Monday, October 13th. Raymond James Financial reissued an “outperform” rating and issued a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Wall Street Zen raised shares of Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Northland Securities set a $61.00 price target on Solaris Energy Infrastructure in a research report on Thursday, October 9th. Three 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, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and a consensus price target of $51.11.

Solaris Energy Infrastructure Stock Down 7.1%

The firm’s fifty day simple moving average is $44.87 and its two-hundred day simple moving average is $34.10. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 45.20 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The business had revenue of $166.84 million during the quarter, compared to the consensus estimate of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. Sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $50.15, for a total transaction of $106,056,367.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kyle S. Ramachandran acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $25.00 per share, with a total value of $50,000.00. Following the completion of the transaction, the chief financial officer directly owned 370,338 shares in the company, valued at approximately $9,258,450. The trade was a 0.54% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 2,137,533 shares of company stock valued at $106,727,467. 21.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Encompass Capital Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $78,967,000. Vanguard Group Inc. raised its position in Solaris Energy Infrastructure by 9.2% in the third quarter. Vanguard Group Inc. now owns 2,664,870 shares of the company’s stock valued at $106,515,000 after purchasing an additional 224,021 shares during the period. Driehaus Capital Management LLC acquired a new position in Solaris Energy Infrastructure during the first quarter worth $44,073,000. Westwood Holdings Group Inc. lifted its stake in Solaris Energy Infrastructure by 11.8% during the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock worth $42,569,000 after purchasing an additional 158,338 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Solaris Energy Infrastructure by 623.5% during the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after buying an additional 1,116,794 shares during the period. 67.44% of the stock is owned by hedge funds and other institutional investors.

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.