Solaris Energy Infrastructure, Inc. (NYSE:SEI) Stock Has Consensus Target Price of $94.17 According to Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $94.17.

Several analysts have recently commented on the company. Zacks Research upgraded Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Wall Street Zen raised Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Citigroup upped their price target on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $85.00 price objective on shares of Solaris Energy Infrastructure in a report on Friday, September 25th.

Solaris Energy Infrastructure Stock Down 4.2%

NYSE SEI opened at $63.03 on Friday. The firm has a market cap of $4.83 billion, a PE ratio of 43.84 and a beta of 1.28. Solaris Energy Infrastructure has a one year low of $38.50 and a one year high of $86.19. The stock’s 50 day simple moving average is $64.17 and its 200 day simple moving average is $66.65. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The firm had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. As a group, sell-side analysts forecast that Solaris Energy Infrastructure will post 1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director A. Teague bought 3,900 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average cost of $64.21 per share, with a total value of $250,419.00. Following the completion of the purchase, the director owned 116,865 shares in the company, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Several hedge funds have recently modified their holdings of the stock. Jennison Associates LLC increased its stake in shares of Solaris Energy Infrastructure by 215.1% in the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after buying an additional 805,319 shares during the period. Two Seas Capital LP acquired a new position in shares of Solaris Energy Infrastructure during the third quarter valued at $56,007,000. Ranger Investment Management L.P. acquired a new position in shares of Solaris Energy Infrastructure during the second quarter valued at $46,967,000. Bank of New York Mellon Corp bought a new position in Solaris Energy Infrastructure in the second quarter valued at about $30,881,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Solaris Energy Infrastructure by 536.1% in the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 388,000 shares of the company’s stock valued at $21,926,000 after acquiring an additional 327,000 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

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.