Solaris Energy Infrastructure (NYSE:SEI) Rating Lowered to Strong Sell at Zacks Research

Solaris Energy Infrastructure (NYSE:SEIGet Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on SEI. Wall Street Zen downgraded Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Stifel Nicolaus raised their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a research note on Friday, June 12th. Morgan Stanley upped their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Finally, Needham & Company LLC initiated coverage on Solaris Energy Infrastructure in a research note on Monday. They set a “buy” rating and a $97.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $83.18.

Check Out Our Latest Report on Solaris Energy Infrastructure

Solaris Energy Infrastructure Price Performance

NYSE:SEI opened at $73.23 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The company has a 50-day moving average of $74.27 and a 200-day moving average of $60.90. Solaris Energy Infrastructure has a 52 week low of $24.57 and a 52 week high of $86.19. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 82.28 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEIGet Free Report) last posted its earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. The business had revenue of $196.24 million for the quarter. As a group, equities research analysts anticipate that Solaris Energy Infrastructure will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Laurie H. Argo sold 5,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the sale, the director owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Aj Teague bought 2,750 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $72.98 per share, with a total value of $200,695.00. Following the purchase, the director directly owned 11,060 shares of the company’s stock, valued at $807,158.80. The trade was a 33.09% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 4,099,593 shares of company stock valued at $297,782,099. Corporate insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth $28,000. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at $31,000. Finally, Larson Financial Group LLC raised its holdings in shares of Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after buying an additional 795 shares during the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

About Solaris Energy Infrastructure

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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.

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Analyst Recommendations for Solaris Energy Infrastructure (NYSE:SEI)

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