Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $59.3636.

SEI has been the topic of a number of analyst reports. Citigroup lowered their price objective on Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Raymond James Financial restated an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Weiss Ratings downgraded shares of Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Finally, Glj Research started coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target for the company.

Solaris Energy Infrastructure Trading Down 0.6%

NYSE:SEI opened at $55.49 on Wednesday. Solaris Energy Infrastructure has a one year low of $14.27 and a one year high of $70.17. The business has a fifty day moving average price of $54.41 and a 200-day moving average price of $50.45. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 78.15 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. The company had revenue of $179.70 million for the quarter. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%. Sell-side analysts forecast that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada purchased a new stake in Solaris Energy Infrastructure in the 1st quarter worth $477,000. AQR Capital Management LLC purchased a new position in shares of Solaris Energy Infrastructure in the first quarter valued at about $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $396,000. Goldman Sachs Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter worth about $13,714,000. Finally, Strs Ohio purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter worth about $28,000. Institutional investors own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.