Solaris Energy Infrastructure, Inc. (NYSE:SEI – Get Free Report)’s stock price gapped up prior to trading on Wednesday after Needham & Company LLC raised their price target on the stock from $104.00 to $126.00. The stock had previously closed at $61.87, but opened at $67.25. Needham & Company LLC currently has a buy rating on the stock. Solaris Energy Infrastructure shares last traded at $66.6340, with a volume of 220,667 shares trading hands.
A number of other brokerages have also issued reports on SEI. Stifel Nicolaus raised their price target on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Northland Securities set a $111.00 target price on Solaris Energy Infrastructure in a report on Wednesday, September 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solaris Energy Infrastructure in a research note on Wednesday, November 4th. Morgan Stanley raised their price objective on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Barclays lifted their price target on shares of Solaris Energy Infrastructure from $116.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $100.38.
Get Our Latest Report on Solaris Energy Infrastructure
Insider Buying and Selling at Solaris Energy Infrastructure
In related news, Director A. Teague acquired 3,900 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average price of $64.21 per share, with a total value of $250,419.00. Following the acquisition, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. This represents a 3.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 20.23% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Solaris Energy Infrastructure by 591.9% in the third quarter. Allworth Financial LP now owns 512 shares of the company’s stock valued at $36,000 after buying an additional 438 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Solaris Energy Infrastructure during the 3rd quarter valued at about $44,000. Parallel Advisors LLC boosted its holdings in Solaris Energy Infrastructure by 590.9% in the 3rd quarter. Parallel Advisors LLC now owns 684 shares of the company’s stock valued at $49,000 after purchasing an additional 585 shares during the last quarter. West Branch Capital LLC acquired a new position in Solaris Energy Infrastructure in the third quarter valued at approximately $71,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 67.44% of the company’s stock.
Solaris Energy Infrastructure Trading Up 6.4%
The company has a debt-to-equity ratio of 1.68, a current ratio of 2.10 and a quick ratio of 4.03. The company has a market cap of $5.04 billion, a PE ratio of 68.60 and a beta of 1.40. The company’s 50 day simple moving average is $66.17 and its two-hundred day simple moving average is $63.42.
Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. The company had revenue of $341.09 million for the quarter. Solaris Energy Infrastructure had a return on equity of 12.82% and a net margin of 7.99%. As a group, sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.38 EPS for the current fiscal year.
Solaris Energy Infrastructure Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Tuesday, December 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. Solaris Energy Infrastructure’s dividend payout ratio is 50.00%.
Solaris Energy Infrastructure Company Profile
Solaris Energy Infrastructure, Inc. provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells. The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S. shale basins, while its power solutions serve customers seeking scalable power generation.
Featured Stories
- Five stocks we like better than Solaris Energy Infrastructure
- Alphabet Escalates AI Chip Rivalry With NVIDIA
- Amazon’s Rally Is Outpacing Big Tech, But Can AWS Justify the AI Spending?
- 3 Stocks Wall Street Likes More Than the Market Does
- Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
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.
