Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives $52.80 Consensus Target Price from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $52.80.

Several analysts have recently issued reports on SEI shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday. Morgan Stanley assumed coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 target price on the stock. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a research note on Thursday, October 9th. Citigroup upped their price objective on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Barclays lifted their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $44.74 on Monday. The firm has a 50 day simple moving average of $48.47 and a 200-day simple moving average of $38.47. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 47.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. Solaris Energy Infrastructure has a 1-year low of $14.27 and a 1-year high of $57.17.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data 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 firm had revenue of $166.84 million during the quarter, compared to the consensus estimate of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%. On average, analysts expect that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Insider Activity

In other news, Director Laurie H. Argo sold 2,300 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the transaction, the director directly owned 50,039 shares of the company’s stock, valued at approximately $2,214,225.75. This represents a 4.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cynthia M. Durrett sold 47,011 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total value of $2,097,630.82. Following the completion of the transaction, the insider directly owned 131,152 shares of the company’s stock, valued at $5,852,002.24. This trade represents a 26.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,164,094 shares of company stock valued at $108,255,773. Insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter worth approximately $35,060,000. Charles Schwab Investment Management Inc. acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $1,968,000. Swiss National Bank purchased a new position in Solaris Energy Infrastructure during the 1st quarter worth $1,443,000. Invesco Ltd. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth $1,689,000. Finally, Nuveen LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $1,599,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.