Solaris Energy Infrastructure, Inc. (NYSE:SEI) Stock Has Consensus Target Price of $100.38 According to Analysts

Key Points

• Analysts rate Solaris Energy Infrastructure a “Buy” on average: Of 12 analysts, nine recommend buy, two strong buy, and one hold; the average 12-month price target is $100.38.
• Recent target increases include Barclays raising its objective to $140 and Needham lifting its target to $126; the stock opened at $64.65.
• Solaris reported quarterly EPS of $0.45, beating the $0.22 consensus estimate, and declared a quarterly dividend of $0.12 per share, equivalent to a 0.7% annualized yield.

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) have earned an average rating of "Buy" from the twelve analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $100.38.

Several research analysts have weighed in on the company. Piper Sandler boosted their price target on Solaris Energy Infrastructure from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Monday. Barclays raised their price objective on Solaris Energy Infrastructure from $116.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, November 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Solaris Energy Infrastructure in a research report on Wednesday, November 4th. Citigroup upped their target price on Solaris Energy Infrastructure from $100.00 to $104.00 and gave the company a "buy" rating in a research note on Monday. Finally, Needham & Company LLC upped their target price on Solaris Energy Infrastructure from $104.00 to $126.00 and gave the company a "buy" rating in a research note on Wednesday.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $64.65 on Thursday. The firm has a 50 day simple moving average of $66.47 and a 200-day simple moving average of $63.47. 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 firm has a market cap of $4.95 billion, a PE ratio of 67.35 and a beta of 1.40. Solaris Energy Infrastructure has a 1-year low of $38.50 and a 1-year high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.23. The firm had revenue of $341.09 million for the quarter. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 12.82%. On average, equities analysts expect that Solaris Energy Infrastructure will post 1.37 EPS for the current year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Tuesday, December 8th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 8th. This represents a $0.48 annualized dividend and a yield of 0.7%. Solaris Energy Infrastructure's payout ratio is 50.00%.

Insider Buying and Selling

In related news, Director A. Teague acquired 3,900 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was bought at an average price of $64.21 per share, with a total value of $250,419.00. Following the purchase, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. The trade was a 3.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 20.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds have recently modified their holdings of the stock. Situational Awareness LP increased its position in Solaris Energy Infrastructure by 2.2% during the second quarter. Situational Awareness LP now owns 1,129,621 shares of the company's stock worth $90,889,000 after purchasing an additional 24,070 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in shares of Solaris Energy Infrastructure by 146.2% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,029,000 shares of the company's stock valued at $73,244,000 after purchasing an additional 611,000 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Solaris Energy Infrastructure by 215.1% during the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company's stock valued at $66,667,000 after buying an additional 805,319 shares during the period. Two Seas Capital LP purchased a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $56,007,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Solaris Energy Infrastructure by 19.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company's stock valued at $49,239,000 after buying an additional 142,973 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

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.

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