Solaris Energy Infrastructure, Inc. (NYSE:SEI) Stock Has Average Target Price of $94.17

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $95.17.

SEI has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Solaris Energy Infrastructure from $90.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup raised their price objective on Solaris Energy Infrastructure from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Weiss Ratings cut Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research raised Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Finally, Stifel Nicolaus upped their price target on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $58.79 on Friday. Solaris Energy Infrastructure has a 12 month low of $38.50 and a 12 month high of $86.19. The stock has a market cap of $4.50 billion, a PE ratio of 69.17 and a beta of 1.28. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. The company’s fifty day moving average price is $64.29 and its 200-day moving average price is $66.77.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. The company had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. On average, equities analysts expect that Solaris Energy Infrastructure will post 1.16 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director A. Teague acquired 3,900 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average cost of $64.21 per share, with a total value of $250,419.00. Following the completion of the acquisition, the director directly owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds have recently added to or reduced their stakes in the stock. West Branch Capital LLC bought a new position in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $71,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Solaris Energy Infrastructure in the second quarter worth $84,000. GK Wealth Management LLC purchased a new stake in Solaris Energy Infrastructure during the third quarter valued at $79,000. SBI Securities Co. Ltd. increased its position in Solaris Energy Infrastructure by 111.8% during the third quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the company’s stock valued at $83,000 after acquiring an additional 616 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Solaris Energy Infrastructure by 507.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the company’s stock worth $76,000 after purchasing an additional 1,380 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.