Raymond James Begins Coverage on Solaris Energy Infrastructure (NASDAQ:SEI)

Stock analysts at Raymond James assumed coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set an "outperform" rating and a $39.00 price target on the stock. Raymond James' target price points to a potential upside of 43.91% from the stock's previous close.

Several other research analysts also recently issued reports on SEI. Barclays assumed coverage on shares of Solaris Energy Infrastructure in a report on Friday, June 6th. They set an "overweight" rating and a $42.00 price target for the company. Citigroup started coverage on Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They issued a "buy" rating for the company. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Vertical Research began coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price objective for the company. Finally, Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a "buy" rating and a $57.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $42.56.

Solaris Energy Infrastructure Price Performance

Shares of SEI traded down $0.80 during mid-day trading on Friday, reaching $27.10. The company had a trading volume of 1,253,139 shares, compared to its average volume of 1,090,566. The company's 50 day simple moving average is $22.69 and its 200 day simple moving average is $25.64. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 61.59 and a beta of 1.11. Solaris Energy Infrastructure has a 1-year low of $10.96 and a 1-year high of $39.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Insider Buying and Selling

In related news, CEO William A. Zartler acquired 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The stock was bought at an average price of $21.78 per share, with a total value of $217,800.00. Following the transaction, the chief executive officer now directly owns 1,039,227 shares in the company, valued at $22,634,364.06. This represents a 0.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Aj Teague bought 1,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the transaction, the director now directly owns 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 12,000 shares of company stock valued at $267,150 over the last quarter. Insiders own 21.20% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

Several large investors have recently made changes to their positions in the company. Strs Ohio bought a new position in Solaris Energy Infrastructure in the first quarter worth approximately $28,000. Wayfinding Financial LLC bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $38,000. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure in the 4th quarter valued at $52,000. Finally, Nisa Investment Advisors LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $41,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.