Solaris Energy Infrastructure (NYSE:SEI) Stock Rating Lowered by Zacks Research

Solaris Energy Infrastructure (NYSE:SEI) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on SEI. Weiss Ratings upgraded shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen upgraded Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a research report on Thursday, October 9th. Raymond James Financial reaffirmed an “outperform” rating and issued a $38.00 price objective (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Buy” and an average target price of $51.11.

Solaris Energy Infrastructure Stock Up 0.4%

Shares of SEI traded up $0.16 during midday trading on Tuesday, hitting $44.66. The stock had a trading volume of 1,831,994 shares, compared to its average volume of 2,111,262. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 47.51 and a beta of 1.12. The company has a 50 day simple moving average of $45.54 and a two-hundred day simple moving average of $34.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. Solaris Energy Infrastructure has a twelve month low of $14.27 and a twelve month high of $57.17.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. The company 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%. On average, analysts anticipate that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, insider Christopher M. Powell sold 12,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the completion of the transaction, the insider owned 130,615 shares in the company, valued at approximately $3,918,450. This trade represents a 8.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William A. Zartler purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average price 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 trade represents a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 2,137,533 shares of company stock worth $106,727,467. Company insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Solaris Energy Infrastructure during the third quarter worth approximately $31,000. Assetmark Inc. bought a new position in shares of Solaris Energy Infrastructure during the 2nd quarter worth approximately $25,000. Larson Financial Group LLC boosted its holdings in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after buying an additional 795 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter worth approximately $52,000. Finally, Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $28,000. 67.44% of the stock is owned by institutional investors.

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.