Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up - What's Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $29.41, but opened at $33.95. Solaris Energy Infrastructure shares last traded at $35.32, with a volume of 2,221,722 shares.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays lowered their price objective on shares of Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday. Stifel Nicolaus decreased their target price on shares of Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Piper Sandler lifted their target price on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Citigroup started coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Vertical Research started coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $41.33.

Solaris Energy Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The firm's 50 day moving average is $28.26 and its 200-day moving average is $26.10. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 76.47 and a beta of 1.09.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 1.43%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

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

Hedge Funds Weigh In On Solaris Energy Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new position in Solaris Energy Infrastructure during the first quarter worth $28,000. Wayfinding Financial LLC bought a new position in Solaris Energy Infrastructure during the first quarter worth $29,000. US Bancorp DE acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $38,000. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure during the fourth quarter valued at about $52,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $41,000. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Company Profile

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.

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