Solaris Energy Infrastructure, Inc. (NYSE:SEI – Get Free Report) CAO Christopher Wirtz sold 700 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction of $54,054.00. Following the completion of the sale, the chief accounting officer directly owned 36,085 shares in the company, valued at approximately $2,786,483.70. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Solaris Energy Infrastructure Stock Performance
Shares of NYSE:SEI traded up $0.86 during midday trading on Wednesday, hitting $77.09. The stock had a trading volume of 2,506,050 shares, compared to its average volume of 2,308,071. The company has a market capitalization of $5.28 billion, a PE ratio of 86.62 and a beta of 1.25. The stock has a 50 day moving average price of $62.65 and a two-hundred day moving average price of $54.71. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24.
Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. As a group, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.
Institutional Trading of Solaris Energy Infrastructure
Wall Street Analyst Weigh In
SEI has been the topic of a number of research analyst reports. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. UBS Group set a $65.00 price objective on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Piper Sandler boosted their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Barclays boosted their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and an average target price of $75.18.
Solaris Energy Infrastructure Company Profile
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.
See Also
- Five stocks we like better than Solaris Energy Infrastructure
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Receive News & Ratings for Solaris Energy Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Energy Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.
