Solaris Energy Infrastructure (NASDAQ:SEI) Stock Rating Upgraded by Tudor Pickering

Solaris Energy Infrastructure (NASDAQ:SEI) was upgraded by equities research analysts at Tudor Pickering to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday. They set a “buy” rating and a $41.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a report on Friday.

Solaris Energy Infrastructure Stock Performance

NASDAQ:SEI opened at $35.16 on Wednesday. The company’s 50-day moving average price is $27.46. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 79.91 and a beta of 1.38. Solaris Energy Infrastructure has a fifty-two week low of $7.15 and a fifty-two week high of $36.52. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure (NASDAQ:SEI) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Solaris Energy Infrastructure had a return on equity of 6.66% and a net margin of 4.80%. The firm had revenue of $75.02 million during the quarter, compared to analysts’ expectations of $76.50 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, equities research analysts predict that Solaris Energy Infrastructure will post 0.39 EPS for the current year.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director James R. Burke sold 8,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $16.72, for a total value of $133,760.00. Following the completion of the sale, the director now owns 16,277 shares in the company, valued at $272,151.44. This represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 34.71% of the stock is currently owned by company insiders.

About Solaris Energy Infrastructure

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.