Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $85.00

Solaris Energy Infrastructure (NYSE:SEI) had its price target boosted by Piper Sandler from $82.00 to $85.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler‘s price target would suggest a potential upside of 32.98% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Zacks Research raised Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. The Goldman Sachs Group set a $113.00 price objective on Solaris Energy Infrastructure in a research report on Friday. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $104.00 target price on shares of Solaris Energy Infrastructure in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $98.38.

Solaris Energy Infrastructure Stock Up 10.6%

Shares of SEI stock traded up $6.15 during trading hours on Monday, reaching $63.92. 552,358 shares of the company’s stock were exchanged, compared to its average volume of 2,813,988. Solaris Energy Infrastructure has a fifty-two week low of $38.50 and a fifty-two week high of $86.19. The stock’s 50 day moving average is $65.69 and its 200-day moving average is $63.36. 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 has a market cap of $4.89 billion, a price-to-earnings ratio of 66.57 and a beta of 1.40.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. The business had revenue of $341.09 million for the quarter. Solaris Energy Infrastructure had a return on equity of 14.56% and a net margin of 7.99%. Analysts predict that Solaris Energy Infrastructure will post 1.37 earnings per share for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director A. Teague bought 3,900 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average cost of $64.21 per share, for a total transaction of $250,419.00. Following the acquisition, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. This represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of institutional investors have recently made changes to their positions in SEI. Allworth Financial LP lifted its holdings in shares of Solaris Energy Infrastructure by 591.9% in the 3rd quarter. Allworth Financial LP now owns 512 shares of the company’s stock worth $36,000 after acquiring an additional 438 shares during the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in Solaris Energy Infrastructure during the third quarter worth $44,000. Parallel Advisors LLC lifted its stake in Solaris Energy Infrastructure by 590.9% during the third quarter. Parallel Advisors LLC now owns 684 shares of the company’s stock worth $49,000 after purchasing an additional 585 shares in the last quarter. West Branch Capital LLC acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at $71,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at $84,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells.

The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S.