Solaris Energy Infrastructure (NYSE:SEI) Shares Down 5.8% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s stock price was down 5.8% during mid-day trading on Tuesday . The company traded as low as $42.64 and last traded at $43.10. Approximately 262,395 shares changed hands during trading, a decline of 87% from the average daily volume of 2,087,712 shares. The stock had previously closed at $45.73.

Analysts Set New Price Targets

Several analysts have recently issued reports on SEI shares. Stifel Nicolaus reissued a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, November 11th. Raymond James Financial restated an “outperform” rating and issued a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. 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, Northland Securities set a $61.00 price objective on Solaris Energy Infrastructure in a research note on Thursday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure currently has an average rating of “Buy” and an average price target of $51.11.

Solaris Energy Infrastructure Stock Performance

The stock’s 50-day simple moving average is $44.87 and its 200 day simple moving average is $34.10. The company has a market capitalization of $2.91 billion, a PE ratio of 45.20 and a beta of 1.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.08. The business had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. As a group, research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.86, for a total value of $288,600.00. Following the transaction, the director owned 90,956 shares in the company, valued at approximately $2,624,990.16. This represents a 9.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William A. Zartler bought 10,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the transaction, the chief executive officer directly owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. This represents a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 2,137,533 shares of company stock worth $106,727,467. Corporate insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in Solaris Energy Infrastructure during the 2nd quarter worth $25,000. Larson Financial Group LLC grew its holdings in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of Solaris Energy Infrastructure during the third quarter worth about $52,000. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth about $28,000. Finally, Comerica Bank lifted its holdings in shares of Solaris Energy Infrastructure by 271.4% in the 3rd quarter. Comerica Bank now owns 1,504 shares of the company’s stock valued at $60,000 after purchasing an additional 1,099 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.