Solaris Energy Infrastructure (NYSE:SEI) Rating Lowered to Sell at Wall Street Zen

Solaris Energy Infrastructure (NYSE:SEI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

SEI has been the subject of a number of other reports. Northland Securities set a $70.00 target price on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Raymond James Financial reissued an “outperform” rating on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Glj Research assumed coverage on shares of Solaris Energy Infrastructure in a research report on Thursday. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Research lowered Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Morgan Stanley initiated coverage on Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.60.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock opened at $49.14 on Friday. The firm has a market cap of $3.36 billion, a P/E ratio of 69.21 and a beta of 1.13. The firm’s 50-day simple moving average is $52.08 and its 200-day simple moving average is $46.18. Solaris Energy Infrastructure has a twelve month low of $14.27 and a twelve month high of $61.36. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.28 and a current ratio of 2.96.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. The firm had revenue of $179.70 million during the quarter. As a group, research analysts expect that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total value of $101,775.00. Following the transaction, the director directly owned 50,039 shares in the company, valued at $2,214,225.75. This trade represents a 4.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aj Teague acquired 2,310 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average cost of $43.13 per share, with a total value of $99,630.30. Following the completion of the purchase, the director owned 106,465 shares of the company’s stock, valued at $4,591,835.45. This trade represents a 2.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 21.20% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several hedge funds have recently added to or reduced their stakes in SEI. Assetmark Inc. acquired a new position in shares of Solaris Energy Infrastructure during the 2nd quarter worth about $25,000. Signaturefd LLC raised its position in shares of Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at approximately $28,000. Strs Ohio bought a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.