Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Solaris Energy Infrastructure (NASDAQ:SEI) had its target price upped by Stifel Nicolaus from $30.00 to $42.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 22.00% from the stock’s current price.

Several other research firms also recently weighed in on SEI. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a report on Wednesday. They issued a “buy” rating and a $41.00 price objective for the company. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th.

Solaris Energy Infrastructure Stock Up 2.4 %

SEI traded up $0.81 on Friday, reaching $34.43. 464,882 shares of the company traded hands, compared to its average volume of 723,600. The firm has a market capitalization of $2.31 billion, a P/E ratio of 78.68 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. Solaris Energy Infrastructure has a one year low of $7.15 and a one year high of $35.94. The firm has a fifty day moving average price of $27.15.

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

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director James R. Burke sold 8,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $272,151.44. This trade represents a 32.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 34.71% of the stock is owned by insiders.

Solaris Energy Infrastructure Company Profile

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.