Analysts Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Price Target at $43.67

Solaris Energy Infrastructure, Inc. (NYSE:SEI) has been given a consensus rating of “Buy” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $44.8889.

A number of analysts have weighed in on SEI shares. Barclays raised their target price on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Raymond James Financial restated an “outperform” rating and issued a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Piper Sandler cut their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. This trade represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of Solaris Energy Infrastructure 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 transaction, the director owned 90,956 shares in the company, valued at approximately $2,624,990.16. This trade represents a 9.91% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $264,000. GW&K Investment Management LLC bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $9,437,000. Informed Momentum Co LLC bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $2,458,000. Acuitas Investments LLC bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $3,728,000. Finally, Vanguard Group Inc. bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $35,060,000. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Stock Performance

Shares of Solaris Energy Infrastructure stock opened at $44.97 on Wednesday. Solaris Energy Infrastructure has a fifty-two week low of $12.78 and a fifty-two week high of $50.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.11 and a quick ratio of 2.98. The firm has a market capitalization of $3.04 billion, a P/E ratio of 76.22 and a beta of 1.12. The company’s 50 day moving average price is $33.65 and its two-hundred day moving average price is $28.30.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Thursday, February 20th. The company reported $0.08 earnings per share for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. The firm had revenue of $75.02 million for the quarter. On average, equities analysts forecast that Solaris Energy Infrastructure will post 0.36 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 16th. Solaris Energy Infrastructure’s payout ratio is 81.36%.

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.