Solaris Energy Infrastructure (NASDAQ:SEI) Price Target Raised to $42.00

Solaris Energy Infrastructure (NASDAQ:SEI) had its price objective boosted by equities research analysts at Stifel Nicolaus from $30.00 to $42.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 22.00% from the stock’s current price.

Several other research firms have also recently issued reports on SEI. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a report on Wednesday. They issued a “buy” rating and a $41.00 price objective on the stock. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th.

Solaris Energy Infrastructure Stock Up 2.4 %

Shares of SEI stock traded up $0.81 during trading hours on Friday, hitting $34.43. 464,882 shares of the company’s stock were exchanged, compared to its average volume of 723,600. The business’s 50 day moving average price is $27.15. Solaris Energy Infrastructure has a fifty-two week low of $7.15 and a fifty-two week high of $35.94. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 78.68 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure (NASDAQ:SEI) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 6.66%. The company had revenue of $75.02 million for the quarter, compared to analysts’ expectations of $76.50 million. During the same period in the previous year, the business earned $0.19 earnings per share. On average, equities analysts forecast that Solaris Energy Infrastructure will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director James R. Burke sold 8,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $16.72, for a total value of $133,760.00. Following the completion of the sale, the director now owns 16,277 shares of the company’s stock, valued at approximately $272,151.44. This represents a 32.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 34.71% of the stock is owned by insiders.

Solaris Energy Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.