Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $140.00

Solaris Energy Infrastructure (NYSE:SEI) had its price objective boosted by equities researchers at Barclays from $116.00 to $140.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 144.61% from the company’s current price.

SEI has been the subject of a number of other research reports. Raymond James Financial raised Solaris Energy Infrastructure from an “outperform” rating to a “strong-buy” rating and set a $113.00 target price for the company in a report on Friday. Wells Fargo & Company cut their price target on Solaris Energy Infrastructure from $72.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday. Citigroup lifted their price target on Solaris Energy Infrastructure from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Wall Street Zen upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Finally, Zacks Research raised Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $98.15.

Solaris Energy Infrastructure Price Performance

Shares of NYSE SEI traded up $6.68 during midday trading on Friday, reaching $57.23. 1,366,451 shares of the company were exchanged, compared to its average volume of 2,812,071. The stock’s 50-day moving average price is $65.59 and its 200-day moving average price is $63.35. The stock has a market cap of $4.38 billion, a P/E ratio of 59.17 and a beta of 1.40. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure has a one year low of $38.50 and a one year high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.23. Solaris Energy Infrastructure had a return on equity of 14.56% and a net margin of 7.99%. The company had revenue of $341.09 million during the quarter. On average, sell-side analysts anticipate that Solaris Energy Infrastructure will post 1.37 earnings per share for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague acquired 3,900 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $64.21 per share, with a total value of $250,419.00. Following the completion of the purchase, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. This trade represents a 3.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.23% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in Solaris Energy Infrastructure by 860.7% during the 3rd quarter. Fifth Third Bancorp now owns 35,583 shares of the company’s stock worth $2,533,000 after buying an additional 31,879 shares during the period. Maryland State Retirement & Pension System acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at about $1,044,000. Penn Capital Management Company LLC increased its stake in shares of Solaris Energy Infrastructure by 41.7% in the third quarter. Penn Capital Management Company LLC now owns 317,999 shares of the company’s stock valued at $22,678,000 after buying an additional 93,514 shares during the period. Fulcrum Asset Management LLP increased its stake in shares of Solaris Energy Infrastructure by 642.3% in the third quarter. Fulcrum Asset Management LLP now owns 58,270 shares of the company’s stock valued at $3,982,000 after buying an additional 50,420 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in shares of Solaris Energy Infrastructure by 13.5% during the third quarter. Pictet Asset Management Holding SA now owns 7,979 shares of the company’s stock worth $568,000 after acquiring an additional 947 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Company Profile

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.