Solaris Energy Infrastructure (NYSE:SEI) Announces Earnings Results

Solaris Energy Infrastructure (NYSE:SEI) issued its quarterly earnings results on Monday. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08, Zacks reports. Solaris Energy Infrastructure had a return on equity of 7.66% and a net margin of 4.99%.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock traded up $2.05 on Monday, hitting $55.28. 4,488,085 shares of the company traded hands, compared to its average volume of 1,959,180. The stock has a market capitalization of $3.74 billion, a P/E ratio of 93.70 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. Solaris Energy Infrastructure has a 52 week low of $12.86 and a 52 week high of $57.17. The business has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $32.04.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the transaction, the chief executive officer owned 1,049,227 shares of the company’s stock, valued at approximately $26,052,306.41. This trade represents a 0.96% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the sale, the director owned 90,956 shares in the company, valued at $2,624,990.16. This represents a 9.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Goodlander Investment Management LLC bought a new position in Solaris Energy Infrastructure during the second quarter valued at $19,803,000. Honeycomb Asset Management LP bought a new position in Solaris Energy Infrastructure during the second quarter valued at $19,011,000. Goldman Sachs Group Inc. bought a new position in Solaris Energy Infrastructure during the first quarter valued at $13,714,000. Squarepoint Ops LLC increased its position in Solaris Energy Infrastructure by 231.1% during the second quarter. Squarepoint Ops LLC now owns 259,248 shares of the company’s stock valued at $7,334,000 after acquiring an additional 180,957 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Solaris Energy Infrastructure by 115.8% during the second quarter. Bank of America Corp DE now owns 253,785 shares of the company’s stock valued at $7,180,000 after acquiring an additional 136,161 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

SEI has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Stifel Nicolaus restated a “buy” rating and set a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Piper Sandler decreased their target price on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Finally, Northland Securities set a $61.00 target price on shares of Solaris Energy Infrastructure in a research note on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Buy” and a consensus target price of $47.56.

Solaris Energy Infrastructure Company Profile

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.