Solaris Energy Infrastructure (NYSE:SEI) Stock Rating Lowered by Zacks Research

Solaris Energy Infrastructure (NYSE:SEI) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research analysts have also commented on SEI. Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a research report on Friday, June 12th. Barclays upped their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Citigroup raised their price objective on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 target price on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Finally, Glj Research initiated coverage on Solaris Energy Infrastructure in a report on Thursday, March 5th. They set a “buy” rating and a $60.00 price target on the stock. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.18.

Solaris Energy Infrastructure Price Performance

SEI stock opened at $73.23 on Tuesday. Solaris Energy Infrastructure has a 52 week low of $24.57 and a 52 week high of $86.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $74.27 and a two-hundred day simple moving average of $60.90. The firm has a market capitalization of $5.39 billion, a P/E ratio of 82.28 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. The business had revenue of $196.24 million during the quarter. Analysts anticipate that Solaris Energy Infrastructure will post 1.09 earnings per share for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the sale, the director directly owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This represents a 10.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total transaction of $149,000,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,099,593 shares of company stock worth $297,782,099 in the last three months. 20.23% of the stock is owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its holdings in Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Solaris Energy Infrastructure in the fourth quarter worth $28,000. Strs Ohio purchased a new stake in Solaris Energy Infrastructure in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Solaris Energy Infrastructure during the third quarter worth $31,000. Finally, Larson Financial Group LLC lifted its position in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Company Profile

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.